Wednesday 02 April 2014
The government of Luxembourg has confirmed that the VAT rates will increase by 2% from 1 January 2015.
The following changes will apply:
· The standard rate of VAT will rise from 15% to 17%.
· The reduced rates of VAT will rise from 12% to 14% and from 6% to 8%.
The super reduced rate (relates to basic commodities) and 3% (applies to hotel and catering industry) rate remain unchanged.
Should you wish to discuss this or if you would like further information please contact us by:
Tel: +44 208 601 4600
EU VAT Updates