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Luxembourg Increases Maximum Social Security Basis Cap from August 2018

|Approved Changes|Luxembourg
Luxembourg

Effective 1 August 2018, Luxembourg has increased the maximum monthly social security basis cap from EUR 9,992.93 to EUR 10,242.71. The cap applies for both employer and employee social security contributions, although it does not apply for the dependency contribution on salary. In determining the annual cap for 2018, the prior cap is applied for the first seven months, and the increased cap ap…

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