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Reduced VAT rates for Luxembourg in 2023: a practical Q&A on the impact for businesses!

To mitigate the effects of inflation, the Luxembourg Government has announced a temporary reduction of VAT rates in Luxembourg as from 1st January 2023. The reduction is planned to be maintained for a full year.

In this short Q&A, we address the practical impacts of this temporary change.

Source Loyens Loeff

 

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