Global standard VAT rate changes per Jan 1, 2023

General Standard VAT Rate changes per Jan 1, 2023 unless mentioned differently. This does not include VAT rate changes for specific products.

• Luxembourg
  • The new VAT rates will be effective between January 1 and December 31, 2023.
  • The VAT rates will change as follows:
    • Standard rate – lowered from  17% to 16%
    • Intermediate rate – lowered from 14% to 13%
    • Reduced rate – lowered from 8% to 7%

• Mozambique
  • A reduction in the standard VAT rate from 17% to 16%;
  • A change in the VAT rate on educational and health services provided by private entities to the standard rate (16%); and
  • The introduction of a VAT exemption for agricultural and electrical equipment imports.
• Ghana
  • Standard VAT rate will be increased from 12.5% to 15%.
• Singapore
  • The GST rate will be increased from 7% to 8%.
• Suriname
  • Suriname will introduce 10% VAT
• Maldives

  • Increase of GST from 6% to 8%

---

---