Changes in VAT rates in certain EU Member States applicable on 1 January 2024
Some EU Member States change their VAT rates as of 1 January 2024 as follows:
Luxembourg:
As from 1 January 2024, the standard, intermediate and reduced VAT rates have been increased by 1%:
- Standard rate: 17% (up from 16%);
- Intermediate rate: 14% (up from 13%): applicable to deliveries of goods and services referred to in Appendix C of the VAT law such as:
- solid mineral fuels,
- mineral oils and wood intended to be used as fuel,
- preparations for detergent and cleaning preparations, some wines, etc.
- Reduced rate: 8% (up from 7%): applicable to deliveries of goods and services referred to in Appendix A of the VAT law such as:
- liquefied or gaseous gas, used for heating, lighting and motor fuel,
- floricultural products,
- certain works of art, etc.
- The super-reduced VAT rate will remain at 3%.
Legal reference: Loi du 26/10/2022 portant mise en œuvre de la baisse temporaire du taux de TVA et modifiant la loi du 12/05/2022 instaurant une compensation financière permettant la réduction temporaire du prix de vente de certains produits pétroliers(Mémorial A nº 534 -26/10/2022): https://legilux.public.lu/eli/etat/leg/loi/2022/10/26/a534/jo
Czech Republic:
From 1 January 2024, the following VAT rates are applicable in the Czech Republic:
- Standard rate: 21%
- Reduce rate: 12%
The standard rate remains at 21%, while the previous reduced rates (10% and 15%) have been consolidated in a new reduce rate at 12%.
Legal reference: Zákon č. 349/2023 Sb. amending the Value Added Tax Act:https://www.zakonyprolidi.cz/cs/2023-34
Estonia:
From 1 January 2024, the standard VAT rate has been increased from 20% to 22%. The two reduced rates of 5% and 9% continue to apply.
Legal reference: Käibemaksuseaduse muutmise seadus amending the Value Added Tax Act (RT I, 01/07/2023, 2): https://www.riigiteataja.ee/akt/101072023002