Excise Agency News Today

Romain Heinen to step down as head of VAT agency, three years ahead of schedule

As of 30 June 2023, the entirety of Luxembourg’s central administration has brought in revenues of almost €12.9bn, a year-on-year rise of more than 5%, although spending rose by nearly a fifth, the country’s finance ministry announced on Monday. 

First quarter revenue increased by 2.3%, but was outpaced by central government’s expenses, resulting in a net deficit of €87m, as reported by the minister of finance Yuriko Backes (DP).

Indon, PNG Customs sign agreement

Last year saw bigger budget and more officers hired amid spike in offences such as financial crime, burglaries and bicycle thefts

Grand Duchy’s authorities have seized increasing amount of illegal drugs

This article provides a general overview of the law and practice surrounding transfer pricing in Luxembourg, including broader taxation issues and the outlook for future developments.

Young and teenagers are the heaviest consumers of the psychoactive drug

Customs officers recorded a surge of seized hashish and heroin last year

Three months into 2021, Luxembourg’s finance minister notes that state finances are back in the black. “After noting a slight decline in the deficit from February 2020 to February 2021, I am delighted today that the central government balance is now turning green with a surplus of €56m as on 31 March 2021, €434m more than the balance observed as on 31 March 2020,” finance minister Pierre Gramegna (DP) said on Monday. Presenting the states financial situation for the first quarter to t...