As confirmed earlier in the year, Luxembourg's value added tax rates are set to increase from 1 January 2015. The standard VAT rate will increase from 15% to 17%, while the reduced rates of 12% and 6% will be increased to 14% and 8% respectively. Luxembourg's lowest rate of 3% will remain unchanged, but will no longer apply for work done on housing for third parties. According to the guidance issued by the Luxembourg authorities, goods or services ordered or contracted in 2014, but delivered or rendered in 2015 will be subject to the new VAT tax rates. However, if...