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Sales tax and VAT updates for modern finance teams
Anrokβs team of tax experts shares the latest rate changes, taxability updates, and other news you need to know.
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Luxembourg increasing standard, intermediate, and reduced VAT rates
November 27, 2023
Luxembourgβs standard VAT rate will return to 17% (up from 16%), the intermediate rate will return to 14% (up from 13%), and the reduced rate back to 8% (up from 7%) on January 1, 2024.
The bottom line: Luxembourgβs 1% VAT cut for 2023 was temporary and implemented in an attempt to combat inflation.
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