Luxembourg Tax Codes
Tax codes determine how much tax is paid on each transaction line item. For NetSuite to calculate correct values on transaction records and tax reports, make sure that the tax codes for Luxembourg are set up correctly.
For more information about tax codes, see Tax Code Properties and Creating Tax Codes.
Tax Code Table for Luxembourg
The following table shows the tax properties required to correctly generate the Luxembourg tax reports provided by the International Tax Reports SuiteApp. The tax code names or letters presented in the table are suggested names or default system preferences. You can rename the tax codes. Tax reports identify transactions by looking at the tax code properties, not the tax code names.
On the New Tax Code or Edit Tax Code page, check the boxes of the properties that apply to the tax code. For more information about tax code properties, see Tax Code Properties.
To understand how NetSuite uses the tax codes to get the values for the Luxembourg VAT reports, see What goes into each box - Luxembourg VAT report.
For information about notional rates in EU B2B transactions and VAT reports, see EU Notional VAT.
Please consult your tax agency for the correct tax rates. Effective January 1, 2015, the Luxembourg tax rates increased to 17% for standard rate, 8% for reduced rate, and 14% for intermediary rate. For information about updating tax rates, see Managing Tax Rate Changes.
|
Tax Code |
Description |
Property |
Rate |
Notional Rate |
Available On |
Effective From |
|---|---|---|---|---|---|---|
|
E-LU |
Exempt |
Exempt |
0% |
— |
Both (Sales and Purchases) |
— |
|
EINT-LU |
EU sales and purchases (goods) at intermediary rate |
EC Code Special Reduced Rate |
0% |
INT-LU |
Both (Sales and Purchases) |
— |
|
EINT-LU-13 |
EU sales and purchases (goods) at 13% intermediary rate from January 1, 2023 |
EC Code Special Reduced Rate |
0% |
INT-LU-13 |
Both (Sales and Purchases) |
January 1, 2023 |
|
EMT-LU |
EU purchases of manufactured tobacco |
Category: Manufactured Tobacco EC Code |
0% |
MT-LU |
Purchases |
— |
|
ER-LU |
EU Sales and Purchases (Goods) at reduced rate |
EC Code Reduced Rate |
0% |
R-LU |
Both (Sales and Purchases) |
— |
|
ER-LU-7 |
EU sales and purchases (goods) at 7% reduced rate from January 1, 2023 – December 31, 2023 |
EC Code Reduced Rate |
0% |
R-LU-7 |
Both (Sales and Purchases) |
January 1, 2023 |
|
ER3–LU |
EU sales and purchases (goods) at rate of 3% |
EC Code Category: Food |
0% |
R3–LU |
Both (Sales and Purchases) |
— |
|
ES-LU |
EU sales and purchases (goods) at standard rate |
EC Code |
0% |
S-LU |
Both (Sales and Purchases) |
— |
|
ES-LU-16 |
EU sales and purchases (goods) at 16% standard rate from January 1, 2023 – December 31, 2023 |
EC Code |
0% |
S-LU-16 |
Both (Sales and Purchases) |
January 1, 2023 |
|
ESSP-LU |
EU Purchases (Services) at at standard rate |
EC Code Applies to Service Items Reverse Charge |
0% |
S-LU |
Purchases |
— |
|
ESSP-LU-16 |
EU purchases (services) at 16% standard rate from January 1, 2023 – December 31, 2023 |
EC Code Applies to Service Items Reverse Charge |
0% |
S-LU-16 |
Purchases |
January 1, 2023 |
|
ESSP3–LU |
EU purchases (services) at rate of 3% |
EC Code Applies to Service Items Reverse Charge Category: Food |
0% |
R3–LU |
Purchases |
— |
|
ESSPINT–LU |
EU purchases (services) at intermediary rate |
EC Code Applies to Service Items Reverse Charge Special Reduced Rate |
0% |
INT-LU |
Purchases |
— |
|
ESSPINT-LU-13 |
EU purchases (services) at 13% intermediary rate from January 1, 2023 – December 31, 2023 |
EC Code Applies to Service Items Reverse Charge Special Reduced Rate |
0% |
INT-LU-13 |
Purchases |
— |
|
ESSPR–LU |
EU purchases (services) at reduced rate |
EC Code Applies to Service Items Reverse Charge Reduced Rate |
0% |
R-LU |
Purchases |
— |
|
ESSPR–LU-7 |
EU purchases (services) at 7% reduced rate from January 1, 2023 – December 31, 2023 |
EC Code Applies to Service Items Reverse Charge Reduced Rate |
0% |
R-LU-7 |
Purchases |
January 1, 2023 |
|
ESSS-LU |
EU sales (services) |
EC Code Applies to Service Items |
0% |
S-LU |
Sales |
— |
|
ESSS-LU-16 |
EU sales (services) at 16% standard rate from January 1, 2023 – December 31, 2023 |
EC Code Applies to Service Items |
0% |
S-LU-16 |
Sales |
January 1, 2023 |
|
I-LU |
Import of goods at standard rate |
Import Reverse Charge |
0% |
S-LU |
Purchases |
— |
|
I-LU-16 |
Import of goods at 16% standard rate from January 1, 2023 – December 31, 2023 |
Import Reverse Charge |
0% |
S-LU-16 |
Purchases |
January 1, 2023 |
|
IINT-LU |
Import of goods at intermediary rate |
Import Reverse Charge Special Reduced Rate |
0% |
INT-LU |
Purchases |
— |
|
IINT-LU-13 |
Import of goods at 13% intermediary rate from January 1, 2023 – December 31, 2023 |
Import Reverse Charge Special Reduced Rate |
0% |
INT-LU-13 |
Purchases |
January 1, 2023 |
|
IMT-LU |
Import of manufactured tobacco |
Category: Manufactured Tobacco Import Reverse Charge |
0% |
MT-LU |
Purchases |
— |
|
INT-LU |
Intermediary rate (special reduced) |
Special Reduced Rate |
14% |
— |
Both (Sales and Purchases) |
— |
|
INT-LU-13 |
Intermediary rate (special reduced) at 13% from January 1, 2023 – December 31, 2023 |
Special Reduced Rate |
13% |
— |
Both (Sales and Purchases) |
January 1, 2023 |
|
IR-LU |
Import of goods at reduced rate |
Import Reverse Charge Reduced Rate |
0% |
R-LU |
Purchases |
— |
|
IR-LU-7 |
Import of goods at 7% reduced rate from January 1, 2023 – December 31, 2023 |
Import Reverse Charge Reduced Rate |
0% |
R-LU-7 |
Purchases |
January 1, 2023 |
|
IR3–LU |
Import of goods at rate of 3% |
Import Reverse Charge Category: Food |
0% |
R3–LU |
Purchases |
— |
|
IS-LU |
Import of services at standard rate |
Import Reverse Charge Applies to Service Items |
0% |
S-LU |
Purchases |
— |
|
IS-LU-16 |
Import of services at 16% standard rate from January 1, 2023 – December 31, 2023 |
Import Reverse Charge Applies to Service Items |
0% |
S-LU-16 |
Purchases |
January 1, 2023 |
|
ISR-LU |
Import of services at reduced rate |
Reduced Rate Import Applies to Service Items |
0% |
R-LU |
Purchases |
— |
|
ISR-LU-7 |
Import of services at 7% reduced rate from January 1, 2023 – December 31, 2023 |
Import Reverse Charge Applies to Service Items |
0% |
R-LU-7 |
Purchases |
— |
|
ISR3-LU |
Import of services at 3% reduced rate |
Import Reverse Charge Applies to Service Items Category: Food |
0% |
R3-LU |
Purchases |
— |
|
ISINT-LU |
Import of services at intermediary rate |
Special Reduced Rate Import Reverse Charge Applies to Service Items |
0% |
INT-LU |
Purchases |
— |
|
ISINT-LU-13 |
Import of services at 13% intermediary rate from January 1, 2023 – December 31, 2023 |
Import Reverse Charge Applies to Service Items Special Reduced Rate |
0% |
INT-LU-13 |
Purchases |
January 1, 2023 |
|
MT-LU |
Manufactured tobacco |
Category: Manufactured tobacco |
0% |
— |
Sales |
— |
|
O-LU |
Export |
Export |
0% |
— |
Sales |
— |
|
OS-LU |
Export of services |
Applies to Service Items |
0% |
— |
Sales |
— |
|
R-LU |
Reduced rate |
Reduced Rate |
8% |
— |
Both (Sales and Purchases) |
— |
|
R-LU-7 |
Reduced rate at 7% from January 1, 2023 – December 31, 2023 |
Reduced Rate |
7% |
— |
Both (Sales and Purchases) |
January 1, 2023 |
|
R3–LU |
Reduced rate at 3% |
Category: Food |
3% |
— |
Both (Sales and Purchases) |
— |
|
RC-LU |
Reverse charge - domestic at standard rate |
Reverse Charge |
0% |
S-LU |
Both (Sales and Purchases) |
— |
|
RC-LU-16 |
Reverse charge - domestic at 16% standard rate from January 1, 2023 – December 31, 2023 |
Reverse Charge |
0% |
S-LU-16 |
Both (Sales and Purchases) |
January 1, 2023 |
|
RCR-LU |
Reverse charge - domestic at reduced rate |
Reverse Charge Reduced Rate |
0% |
R-LU |
Both (Sales and Purchases) |
— |
|
RCR-LU-7 |
Reverse charge - domestic at 7% reduced rate from January 1, 2023 – December 31, 2023 |
Reverse Charge Reduced Rate |
0% |
R-LU-7 |
Both (Sales and Purchases) |
January 1, 2023 |
|
S-LU |
Standard rate |
— |
17% |
— |
Both (Sales and Purchases) |
— |
|
S-LU-16 |
Standard rate at 16% from January 1, 2023 – December 31, 2023 |
— |
16% |
— |
Both (Sales and Purchases) |
January 1, 2023 |