• Luxembourg
    VAT rates to increase

    18-02-2014

    On 14 January 2014, the Finance Minister of Luxembourg announced a planned increase in the VAT rates.

    The new VAT rates would increase as follows:

    • Standard rate of 15% will increase to 17%.
    • Reduced rate of 12% will increase to 14%.
    • Reduced rate of 6% will increase to 8%.

    The current VAT rate of 3% that applies for "basic necessity products" would remain unchanged.

    The new rates will not apply before 2015, yet the effective date is still being considered.

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