30 November 2022
From 1 January 2023, Luxembourg will reduce the standard rate of VAT (which applies to most goods and services supplied in the country) from 17% to 16%
At the same time, the lower VAT rates (which applies to a limited amount of goods and services including printed materials, gas and electric) will also reduce from 14% and 8% to 13% and 7% respectively.
This VAT rate reduction is being introduced due to high rates of inflation in the country.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.