30 November 2023
From 1 January 2024, Luxembourg will increase the standard rate of VAT (which applies to most goods and services supplied in the country) from 16% to 17%.
At the same time, the lower VAT rates (which applies to a limited amount of goods and services including printed materials, gas and electricity) will also increase from 13% and 7% to 14% and 8% respectively.
This increase will take the VAT rates in the country back to their normal levels and ends the temporary reduction that was implemented from January 2023.
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.
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