In an effort to reduce the impact of inflation on households and businesses, the Luxembourg government met with trade unions on 28 September to agree a new package of measures.
It was agreed that the standard VAT rate be lowered from 17% to 16%, the intermediate rate from 14% to 13% and the reduced rate from 8% to 7%.
For the record, four rates are currently applicable in Luxembourg:
- a normal rate of 17 % for taxable operations other than those listed below
- a super-reduced rate of 3 % for operations involving goods and services listed in Appendix B to the VAT…..
Source: mondaq.com
