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LUXEMBOURG – Project to extend the scope of the dwelling VAT rate
The bill of law 8149, submitted on 8th February 2023 to the Chamber of Deputies, provides for the extension of the scope of the super-reduced rate of 3% for the creation of dwelling. Currently reserved only for dwellings used as main residence by the owner, the super-reduced rate would apply to any creation or renovation of a dwelling used as a main residence, regardless of who occupies it.
The bill of law also recommends amending the Grand-Ducal regulation of 21st December 2012 to increase from EUR 50,000 to EUR 100,000 the amount of the related tax benefit per dwelling created or renovated.
Other tax measures are also proposed to support and boost the real estate market in Luxembourg.
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