| Update: | Compliance Alert - Temporary 1% VAT rate will expire on 1 January 2024 |
| Date: | 2023-11-30 |
Luxembourg’s temporary 1% value-added tax (VAT) rate reductions effective throughout 2023 will expire on 1 January 2024.
The 2024 rates will be the following:
- Standard VAT rate: 17% (up from 16%);
- Intermediate reduced VAT rate: 14% (up from 13%) on certain goods and financial services;
- Reduced VAT rate: 8% (up from 7%) on certain goods and services such as gas & electricity;
- Super reduced VAT rate: 3% (no change).