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Luxembourg Exchange Rates for 2024 in Relation to the Tax Treatment of Accounts Kept in Foreign Currency

23 January 2025

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Approved Changes

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Luxembourg

The Luxembourg Administration of Direct Tax has announced the publication of Circular L.G. - A n° 60bis/10 of 17 January 2025, which provides the EUR reference exchange rates for 30 foreign currencies for 2024. The exchange rates are provided by the European Central Bank and include the year-end and average exchange rates for the year. The reference rates are used in relation to Circular L.G. - A n° 60, which concerns the treatment of accounts kept in a foreign currency.