Review your content’s performance and reach.
Become your target audience’s go-to resource for today’s hottest topics.
Understand your clients’ strategies and the most pressing issues they are facing.
Keep a step ahead of your key competitors and benchmark against them.
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The law introducing a temporary reduction of VAT rates was enacted in Luxembourg. To the exception of the super reduced rate (3%), all applicable VAT rates in Luxembourg should be reduced by 1% for the period 1 January to 31 December 2023. The standard rate for the period will therefore be 16%, while the intermediary rate will be 13% and the reduced rate will be 7%.
Cut off point and what rate (the “old” or the “new”) applies to a specific transaction should be carefully considered and businesses may want to adapt their internal systems accordingly.
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