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Luxembourg Updates Social Security Contribution Rates and Contribution Basis Amounts for 2024

03 January 2024

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Approved Changes

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Luxembourg

Luxembourg's Joint Center for Social Security has published the updated social security contribution rates for 2024. Changes as compared to 2023 include: A reduction in the contributions rate for industrial/agricultural accident insurance from 0.75% to 0.70% (the rate is multiplied by a bonus/penalty factor of 0.9 to 1.5 depending on risk category determined and informed by the Accident Insurance Association); and A reduction in the rate range for mutual health care insurance from 0.72% - 2.84% to 0.01% - 1.36% (the applicable rate depends on the absentee rate of the employees). The minimum and maximum social security contribution basis amounts...