Taxes on income, profits and capital gains in Luxembourg
Luxembourg: Taxes on income, profits and capital gains was 35.6% in 2024. ▼ Falling
Taxes on income, profits and capital gains in Luxembourg, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for taxes on income, profits and capital gains in Luxembourg is 35.6%, measured in 2024.
The figure is up 5.7% on the previous year and up 23.6% over ten years.
Over the whole period, taxes on income, profits and capital gains in Luxembourg peaked at 41.1% in 1978 and was at its lowest, 26.3%, in 2004.
Luxembourg ranks 24th of 153 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 53 years of available data.
Taxes on income, profits and capital gains in Luxembourg, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 34.1% | — |
| 1973 | 36.7% | +7.8% |
| 1974 | 40.9% | +11.2% |
| 1975 | 37.2% | -9.1% |
| 1976 | 36.7% | -1.3% |
| 1977 | 39.5% | +7.8% |
| 1978 | 41.1% | +4.0% |
| 1979 | 38.6% | -6.1% |
| 1980 | 35.7% | -7.6% |
| 1981 | 34.9% | -2.1% |
| 1982 | 35.0% | +0.4% |
| 1983 | 37.3% | +6.5% |
| 1984 | 36.8% | -1.5% |
| 1985 | 38.0% | +3.5% |
| 1986 | 36.8% | -3.3% |
| 1987 | 36.2% | -1.5% |
| 1988 | 35.8% | -1.3% |
| 1989 | 34.3% | -4.0% |
| 1990 | 34.1% | -0.8% |
| 1991 | 30.3% | -11.0% |
| 1992 | 27.1% | -10.7% |
| 1993 | 30.4% | +12.2% |
| 1994 | 32.8% | +7.8% |
| 1995 | 30.1% | -8.4% |
| 1996 | 30.6% | +1.7% |
| 1997 | 30.9% | +1.1% |
| 1998 | 29.9% | -3.4% |
| 1999 | 28.4% | -4.7% |
| 2000 | 28.4% | -0.2% |
| 2001 | 28.5% | +0.3% |
| 2002 | 28.7% | +1.0% |
| 2003 | 28.6% | -0.5% |
| 2004 | 26.3% | -8.0% |
| 2005 | 28.1% | +6.6% |
| 2006 | 28.2% | +0.6% |
| 2007 | 27.9% | -1.1% |
| 2008 | 28.8% | +3.3% |
| 2009 | 28.3% | -1.7% |
| 2010 | 29.3% | +3.5% |
| 2011 | 28.6% | -2.4% |
| 2012 | 28.8% | +0.7% |
| 2013 | 29.2% | +1.3% |
| 2014 | 28.8% | -1.4% |
| 2015 | 30.0% | +4.2% |
| 2016 | 30.3% | +0.9% |
| 2017 | 30.8% | +1.8% |
| 2018 | 32.9% | +6.6% |
| 2019 | 32.2% | -1.9% |
| 2020 | 31.7% | -1.8% |
| 2021 | 32.1% | +1.3% |
| 2022 | 32.4% | +1.1% |
| 2023 | 33.6% | +3.8% |
| 2024 | 35.6% | +5.7% |
Luxembourg compared with similar countries
- Luxembourg's 35.6% is above the median for high income countries, which is 24.5%, 1.5× the median. (55 countries reporting)
- Luxembourg's 35.6% is above the median for Europe & Central Asia, which is 20.9%, 1.7× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 38.1% | 34.1% | 41.1% | 8 |
| 1980s | 36.1% | 34.3% | 38.0% | 10 |
| 1990s | 30.5% | 27.1% | 34.1% | 10 |
| 2000s | 28.2% | 26.3% | 28.8% | 10 |
| 2010s | 30.1% | 28.6% | 32.9% | 10 |
| 2020s | 33.1% | 31.7% | 35.6% | 5 |
Countries ranked near Luxembourg
More public sector data for Luxembourg
- Arms imports 3.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 4.43 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 3.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 1,287 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0093 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 31.57 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 871.64 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 388.43 SIPRI trend indicator values per square kilometre (2023)
- Military expenditure (current USD), per square kilometre 257,332 current USD per square kilometre (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in Luxembourg?
- Taxes on income, profits and capital gains in Luxembourg was 35.6% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Luxembourg?
- The highest recorded value was 41.1% in 1978.
- What is the lowest taxes on income, profits and capital gains recorded in Luxembourg?
- The lowest recorded value was 26.3% in 2004.
- How does Luxembourg rank for taxes on income, profits and capital gains?
- Luxembourg ranks 24th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Luxembourg?
- Over the last ten years it is up 23.6%. The long-run trend across the full record is falling.
- Where does this Luxembourg data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on income, profits and capital gains (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.