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:
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.Back to News
Cyprus Self-Managed Alternative Investment Funds with Limited Number of Persons (AIFLNP) - Compliance Calendar Have you ever been in a situation where although you have the competency to perform a task you are unsure what the totality of the task might be? This situation can arise when numerous regulatory requirements are imposed on an organisation and further exacerbated by the almost exponential increase in the velocity of change of these requirements.Read more