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Luxembourg

State revenue rise dampened by e-commerce VAT

First half income 3.2 per cent higher year-on-year. Would have been greater but for a "substantial" loss on e-commerce.

26.07.2017

Luxembourg's state revenues in the first half of 2017 were 3.2 per cent, or €230 million, greater than in the same period of last year, the country's statistics office Statec said.

The increase was tempered by a "substantial" value-added-tax loss on e-commerce, Statec said in a statement. Without that, the gain in total tax receipts would have been 5.3 per cent.

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