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Luxembourg Chamber of Deputies Approves Revised Personal Income Tax Brackets

05 July 2023

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Approved Changes

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Luxembourg

On 29 June 2023, the Luxembourg Chamber of Deputies approved Bill 8195, which contains various personal income tax amendments. This includes the revision of the personal income tax brackets with effect from 1 January 2024 as follows: up to EUR 11,982 - 0%   EUR 11,982 to 13,971 - 8% EUR 13,971 to 15,960 - 9% EUR 15,960 to 17,949 - 10% EUR 17,949 to 19,938 - 11% EUR 19,938 to 21,927 - 12% EUR 21,927 to 23,997 - 14% EUR 23,997 to 26,067 - 16% EUR 26,067 to 28,137 - 18% EUR 28,137 to 30,207 - 20% EUR 30,207 to...