On 24 December 2014, Luxembourg published in the Official Gazette the Budget for 2015. Various amendments are made under the budget which apply from 1 January 2015, including changes to the country's value added tax (VAT) rates. The standard VAT rate is increased from 15% to 17%, while the reduced rate of 12% is increased to 14% and the super reduced rate of 6% is increased to 8%. Luxembourg's third reduced rate of 3% remains unchanged. Also included is the time period after which interest compensation is granted on the refund of excess VAT paid. The standard time period after...