1-year inflation standard VAT rate cut ends 1 January 2024 Luxembourg’s 1% temporary VAT cut for 2023 ends from 1 January 2024. The 2024 rate will be: Standard rate: 17% (up from 16%) Intermediate Reduced rate: 14% (up from 13%) on certain financial services; Reduced
B2B Computer chips, mobile phones, laptops and precious metals put under Article 199 may provision Luxembourg is to adopt the VAT reverse charge on the small of a range of small, high-valued goods prone to VAT fraud. The option under Article 194 of the VAT
2023 1-year cut in VAT rate from 17% to 16% largely retained by businesses and not passed to consumer Luxembourg’s national statistics agency, Statec, has concluded that the temporary Luxembourg 1% standard VAT cut to 16% has largely not been passed onto consumers. Inflation only
Increase in arrivals and dispatches goods reporting threshold Luxembourg has hiked the annual thresholds for reporting the movement of goods from (arrivals) and to (dispatches) other EU member states. Arrivals: increased to €250,000 per annum from €200,000 Dispatches: increased to €200,000 per annum from €150,000
59% fuel inflation prompts reduction in VAT calculation Luxembourg enacted a cut in diesel fuel from 16 May 2022 until the end of the year. For certain uses, agricultural and industrial, it will only apply until the end of July 2022. The cut is effected
Early adopter of OECD Standard Audit File for Tax taxpayer data scheme Luxembourg introduced the Standard Audit File for Tax (SAF-T) in January 2011. It is known as FAIA (Fichier Audit Informatisé). It is a schema for the exchange of accounting and VAT transactional data between
Luxembourg has increased the annual threshold for Value Added Tax registration from €30,000 to €35,000. This will come into effect from 1 January 2021. Check EU VAT registration thresholds via VAT Calc’s live tracker. The allowance is only available to resident businesses. The threshold is based
Luxembourg is to raise its VAT rate from 15% to 17% on 1 January 2015. The principality’s Value Added Tax rate remains the lowest in the European Union – albeit joint lowest with Cyprus. The following changes are made to the reduced VAT rates: 6%
