The Social Security Rate in Luxembourg stands at 25.12 percent.

Social Security Rate in Luxembourg averaged 24.33 percent from 1981 until 2018, reaching an all time high of 26.01 percent in 1990 and a record low of 23.27 percent in 2002. This page provides - Luxembourg Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Luxembourg Social Security Rate - values, historical data and charts - was last updated on July of 2020.

Social Security Rate in Luxembourg is expected to reach 25.12 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg Social Security Rate is projected to trend around 25.12 percent in 2021, according to our econometric models.

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Luxembourg Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
25.12 25.12 26.01 23.27 1981 - 2018 percent Yearly

Luxembourg Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 27.08 27.08 40.29 27.08 percent [+]
Personal Income Tax Rate 48.78 48.78 51.30 39.00 percent [+]
Sales Tax Rate 17.00 17.00 17.00 15.00 percent [+]
Social Security Rate 25.12 25.12 26.01 23.27 percent [+]
Social Security Rate For Companies 12.67 12.67 14.70 11.42 percent [+]
Social Security Rate For Employees 12.45 12.45 13.25 10.22 percent [+]


Luxembourg Social Security Rate
In Luxembourg, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Luxembourg because they help to pay for many social programs including welfare, health care and many other benefits.