VAT rates
Increase in VAT rate in Luxembourg
• 1 min read
Following an announcement by the Luxembourg authorities on 21 September 2022, a law was adopted on 26 October 2022 which reduced most Luxembourg VAT rates by 1% in 2023.
Following an announcement by Luxembourg Government on 21 September 2022, 26 October 2022 passed a law, which was the majority of Luxembourg's Reduced VAT rates by 1% in 2023 as a measure to combat inflation. This law will be are no longer in force after 31 December 2023. The end of this reduction results in a increase in VAT rate on fuel of 1% in 2024.
This law will cease to apply after 31 December 2023.
Moreover, the reduced rate goes up from 7% to 8%, and the intermediate rate increases from 13 to 14%. These increases will lead to significant increases in Luxembourg's state capital. This increase in VAT is unpleasant for consumers in Luxembourg because their expenditure will increase. Fortunately, B2B companies VAT neutral does not affect the financial situation of international transporters.
However, this from the transporters until the VAT has been refunded.
