Fiduciary
The economic and social parameters in force in Luxembourg
Index
- Current index rate (1 April 2022): 877.01
The index in effect until 31 March 2022 was 855.62 (index in effect since 1 october 2021). The index in effect until 1 January 2020 was 814.40 (index in effect since 1 August 2018). The index in effect until 31 July 2018 was 794.54 (index in effect since 1 January 2017). The index in effect until 31 December 2016 was 775.17 (index in effect since 1 October 2013). The index in effect until 30 September 2012 was 737.83 (index in effect since 1 October 2011).
Minimum wage
(see our article The minimum wage in Luxembourg)
- Skilled minimum monthly social (SMIG): 2,776.05 euros
- Unskilled minimum monthly wage (SMIG): 2,313.38 euros
The monthly minimum wage was increased on 1 April 2022. Until 1 October 2021 it stood at 2,708.35 euros per month for the qualified minimum wage and 2,256.95 euros per month for the unskilled minimum wage.
Legal interest rate
Legal interest rate for late payment: between professionals
| 1st semester | 2nd semester | |
| 2019 | 8% | 8% |
| 2018 | 8% | 8% |
Legal interest rate for late payment: between a professional and a consumer
Legal rate | |
| 2020 | 2% |
| 2019 | 2% |
| 2018 | 2.25% |
| 2017 | 2.25% |
| 2016 | 3% |
| 2015 | 3% |
| 2014 | 3.25% |
| 2013 | 3.50% |
Kilometre allowance
- Kilometre allowance for the use of a personal vehicle for business travel: €0.30 per kilometre.
Public holidays in Luxembourg
| 1 January | New Year’s day |
| Variable day | Easter |
| 1 May | Labour Day |
| Variable day | Ascension |
| Variable day | Pentecost |
| 9 May | Europe Day |
| 23 June | Luxembourg National Day |
| 15 August | Assumption |
| 1 November | All Saints' Day |
| 25 December | Christmas |
| 26 December | Boxing Day |
VAT
- Turnover threshold which makes VAT registration compulsory: €30,000
- Threshold for intra-Community acquisitions at which level VAT registration is compulsory: €10,000
- Threshold for "distance selling in Luxembourg" at which level VAT registration is compulsory: €1000,000
Accounting
- Threshold at which traders who are natural persons or liberal professions are obliged to keep double-entry accounts: €100,000