The Luxembourg Finance Minister recently confirmed a planned VAT rate increase of 2% for the main rates:
- 15% – to 17%
- 12% – to 14%
- 6% – to 8%
The 3% rate applied to basic necessity products would remain unchanged. It is thought that the rate changes will not be effective before 1 January 2015, however this is still under consideration. We will provide further updates in respect of when the changes will take effect.