The Council Implementing Decision to authorize Luxembourg's continued derogation from Article 285 of the VAT Directive (2006/112/EC) regarding its VAT exemption threshold for small businesses was published in the Official Journal of the EU on 23 December 2019. The decision authorizes Luxembourg to continue to exempt from VAT taxable persons whose annual turnover is below a certain threshold and to increase that threshold from EUR 30,000 to EUR 35,000. Approval for Luxembourg's current derogation is scheduled to expire on 31 December 2019. The Decision authorizes Luxembourg's extended and increased threshold from 1 January 2020 until the earlier of 31 December...