Luxembourg: standard VAT rate increase to 17% on 1 January 2015

The Prime Minister has confirmed the decision taken in principle by the government to increase the standard VAT rate by two percentage points from 15% to 17% with effect from 1 January 2015. The intermediate rate of 12% will also increase by two percentage points to 14% and the reduced rate from 6% to 8%. The super-reduced rate of 3%, which is applied to food items, among others, will not be changed, but it is expected that its scope will be reviewed in respect of its application to real estate related transactions.

via Luxembourg: standard VAT rate increase to 17% on 1 January 2015 | Kelvin Hulsebos.

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