Luxembourg
14 Boulevard Royal L-2449 Luxembourg
 
Monday to Friday
8.30 am to 5 pm
 
Wallonie - Brussels
Chaussée de La Hulpe, 120 – 1000 Brussels
FLANDERS
Kortrijksesteenweg 218 – 9830 Sint-Martens-Latem
 
Monday to Friday
8.30 am to 4.30 pm

VAT

The Luxembourg government had decided to temporarily reduce the VAT rate by 1% from 1 January 2023, for one year.

This measure was intended to alleviate inflation and strengthen consumer purchasing power.

From 1 January 2024, rates will return to normal:

  • The standard rate of VAT returns to 17% and
  • The intermediate rate of VAT to 14%.

Below is a summary of the Bank’s services to which the standard and intermediate VAT rates apply.

Standard VAT

  • Discretionary management and investment advisory (flat-rate management fee, performance fee, quarterly fee on the value of the portfolio in EUR)
  • Gold and precious metals
  • Account fees (DHL delivery)
  • Tax and legal services
  • Safe-deposit boxes (quarterly rental, holding fee for sealed envelopes)
  • Bank cards(DHL delivery, duplicate statements)
  • Fees for declarations and searches (duplicates and certificates, fees for miscellaneous information).

Intermediate VAT

  • Custodial fees

Details of services subject to VAT can be found in our Rates and Conditions brochure available on our website or from your adviser.