Taxation of individuals in Luxembourg

[aburaihan66]

Rates: between € (USD) and € (USD) of cadastral value, but these figures can be adjusted depending on the type of property (residential, commercial or industrial). Some cities with a higher population density apply higher rates.
Example: An apartment in a small city with a cadastral value of € (USD) would be subject to a rate of , resulting in an annual tax of € (USD). In contrast, for the same apartment in a rural area, the rate would be € (USD) and the tax would be € (USD).
Social Contributions
The Luxembourg social algeria phone number library contribution tax is a compulsory tax on every natural person, calculated on their income. It is a percentage of the total salary, usually between € and €, depending on the type of contract and the sector of employment. The government uses this tax to guarantee the social security system, pensions, healthcare, unemployment insurance and other social benefits.

For example, a worker with a monthly salary of € (USD) would have social contributions of about € (USD) deducted, leaving a net income of € (USD).

Personal taxes in Luxembourg.
Taxation of Luxembourg legal entities or companies
Companies doing business in the country face a favorable and competitive tax structure in Luxembourg, designed to promote foreign investment and economic stability. Below, we detail the tax burden that each company is obliged to pay.

Corporate Taxes
Corporate income tax (CIT) is the main tax that Luxembourg companies must pay on their profits. The tax is levied progressively, combining national and local rates. These are their rates:

Rate Type Worth
National
Local The average is , depending on each city.