The Luxembourg 2019 draft budget has recently been submitted to parliament.
Once it passes through the legislative process, the adopted law is expected to come into force as of 1st May 2019 and includes the following anticipated changes to Luxembourg VAT rates:
The changes will not apply to specific publications i.e. those wholly or predominantly devoted to advertising, or to publications wholly or predominantly containing video content.
At present, these supplies are subject to VAT at the standard 17% rate.
If you are affected by this development and should like to discuss it further, please do get in touch with us.