Luxembourg will return to its standard VAT rates of 17%, 14%, and 8% starting January 1, 2024. The temporary reduction, which was implemented due to high inflation rates, will be in effect from January to December 2023, with VAT rates adjusted to 16%, 13%, and 7% for the standard, reduced, and another reduced category respectively. The super-reduced VAT rate of 3% will remain unchanged and will apply to specific items such as food products, pharmaceuticals, books, magazines, newspapers, children’s clothing and shoes, restaurant services, and passenger transport.
Source GlobalVATcompliance
Click on the logo to visit the website
Join our Linkedin Group on ”VAT Rates – Legislative changes”, click HERE
