Luxembourg’s Temporary VAT Rate Reductions to Expire on January 1, 2024

• Temporary VAT rate reductions in Luxembourg will expire on 1 January 2024
• The former VAT rates of 17%, 14%, 8%, and 3% will be reinstated
• Determining the applicable VAT rate depends on factors such as the date of supply, invoice issuance, and receipt of early/down payment
• Reapplication of former VAT rates may be complex in certain transaction types and scenarios.

Source: kpmg.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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