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Sales tax and VAT updates for modern finance teams
Anrok’s team of tax experts shares the latest rate changes, taxability updates, and other news you need to know.
See all updatesLuxembourg increasing standard, intermediate, and reduced VAT rates
updated:Â
November 28, 2023
Luxembourg’s 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: Luxembourg’s 1% VAT cut for 2023 was temporary and implemented in an attempt to combat inflation.