News

Luxembourg One Year VAT Cuts

Published: January 1, 2023

 

In reaction to inflation hitting 6.8% in August 2022 the Luxembourg parliament has agreed to temporarily reduce all VAT rates by 1% from 2023. The standard size rate is now 16%, the reduced rates are 13% and 7%. The 3% super reduced rate remains unchanged.

Rates have been updated in our database for customers using both Version 1 & 2 of the API.