The Luxembourg Government has announced that the minimum and maximum social security contribution basis has been set with effect from 1 January 2020. This includes that the monthly minimum basis is set at EUR 2,141.99 (EUR 25,703.88 minimum annual basis) and the monthly maximum basis is set at EUR 10,709.97 (EUR ‭128,519.64‬ maximum annual basis).‬‬‬‬‬‬‬‬ ‬In addition, for the dependency insurance contribution, which is levied on gross professional income without a maximum basis, the monthly contribution-free deduction is increased from EUR 522.44 to EUR 535.50 (EUR 6,426‬.00 annual deduction).