VAT news - January 2014

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Luxembourg doubles planned VAT increase

Ryan Bevan 29 January 2014 No comments

Luxembourg has updated its plans to raise VAT to compensate for the 2015 change in the EU B2C digital VAT rules. Its standard VAT rate will rise 2% to 17% (instead of the previously announced 1% rise). The reduced VAT rates of 12% and 6% will rise to 14% and 8%, respectively. There will be…