Tag: Minister of Finance

Luxembourg – increase of the VAT rates from 1 January 2015

Michaela Merz2 Comments

On 15 September 2015, the Luxembourg Minister of Finance delivered his budget speech in which he announced that the Luxembourg VAT rates will be increased as follows:

  • the standard rate from 15% to 17%;
  • the intermediary rate from 12% to 14%; and
  • the reduced rate from 6% to 8%

For further information please click here or contact our VAT expert in Luxembourg:

Laurent Grençon, Partner
Phone +352 49 4848 2060
Email: laurent.grencon@lu.pwc.com

Belgium – Bitcoin Trading Exempt from VAT … for now

Michaela MerzLeave a comment

In a recent decision issued for an online Bitcoin trading platform, the Belgian tax authorities have confirmed that the trading of Bitcoins and other virtual currencies is similar to the activity of an intermediary and should therefore fall under the exemption included in the Belgium VAT Code for “negotiation concerning deposits, current accounts, debts, cheques and other negotiable instruments but excluding debt collection” . As a result, the activities should be at this moment treated as exempt from VAT. Read More »