VAT Expert in Europe

Selling in Europe with Incoterm DDP. Eurofiscalis handle your VAT registration & declarations | I want to learn more

VAT Expert in Europe

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VAT Expert in Europe

Selling in Europe with Incoterm DDP. Eurofiscalis handle your VAT registration & declarations | I want to learn more

Selling in Europe with Incoterm DDP.

Eurofiscalis handle your VAT registration & declarations

I want to learn more

VAT Luxembourg Rates Reduction
Tax News

VAT Luxembourg - Reduction of VAT Rates 2023

VAT Luxembourg - Temporary Reduction of VAT Rates in 2023

The Luxembourg government has announced an amendment to the VAT law. The amendment consists of a temporary reduction of VAT rates by 1% in 2023. The reduction will be effective as of January 1, 2023 and is expected to expire on December 31, 2023. This change concerns the standard, intermediate and reduced VAT rates. The super-reduced VAT rate remains unchanged (3%). 

Do you have taxable activities in Luxembourg? Do you use fuel for professional purposes? If so, we invite you to read this article to find out what changes in VAT rates and fuel prices are planned for the year 2023. 

VAT Luxembourg: Rates in 2023 - what do they looked like after the revision?

In order to respond to soaring prices, the government has decided to temporarily lower the VAT rates for the year 2023 (from January 1 to December 31): 

The super reduced VAT rate of 3% remains unchanged. 

VAT rates in Luxembourg will return to their normal level in 2024. 

 

If you are wondering which VAT rate to use for your product, check out our article where we give you links to official sources to check the VAT rate in Benelux countires: How to check VAT rate and customs code in Benelux?

VAT Rates Reduction Luxembourg

VAT Luxembourg: Reduction of prices of petrol products

The law also includes information on the temporary reduction in the price of certain petrol products. This has been enabled by the financial compensation proposed by the Luxembourg government. Initially, the reduction was valid until 31 August 2022, but the amendment introduces a further extension until 31 December 2023. 

Do you want to know more about VAT Luxembourg ?

Click here to read everything you need to know about VAT in Luxembourg : VAT Returns, Listing Clients, Tax Agent etc.

Luxembourg Petrol Prices

The reduced prices apply to diesel and liquefied petroleum gas used as fuel. They apply to all sales of petroleum products from the time they are introduced to the market until they are sold to the end customer. The price of diesel used as fuel is 0.15 euro per liter, and the price of liquefied petroleum gas is 0.20 euro per kilogram. The prices include all taxes. 

VAT Luxembourg: Which deliveries of petroleum products are subject to price reduction?

The law also specifies which deliveries of petroleum products are subject to the price reduction. It states that it applies only to customers who use petroleum products as fuel for industrial and commercial purposes, as well as for agricultural, horticultural, fish farming and forestry work. 

Get in touch with our Eurofiscalis Benelux Team

Is there anything that is not clear to you about the new VAT Luxembourg rates ? Do not hesitate to get in touch with our Eurofiscalis Benelux Team. Our VAT specialists will be more than happy to help you !

Rising VAT rockstar at Eurofiscalis I have a passion for unraveling the complexities of VAT regulations in the European Union (especially Benelux region). My mission is to empower readers to navigate the ever-changing VAT landscape with ease and to answer your questions in a clear and concise way.

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