Taxes on income, profits and capital gains in Luxembourg
Luxembourg: Taxes on income, profits and capital gains was 55.4% 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 total taxes.
Analysis
Luxembourg recorded 55.4% for taxes on income, profits and capital gains in 2024.
Compared with earlier readings it is up 3.6% on the previous year and up 19.9% over ten years.
Over the whole period, taxes on income, profits and capital gains in Luxembourg peaked at 65.6% in 1978 and was at its lowest, 43.3%, in 2004.
That places Luxembourg 23rd out of 153 countries with data for 2024, putting it 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 total taxes | Change |
|---|---|---|
| 1972 | 55.3% | — |
| 1973 | 57.8% | +4.6% |
| 1974 | 64.1% | +10.9% |
| 1975 | 60.4% | -5.8% |
| 1976 | 61.1% | +1.2% |
| 1977 | 64.4% | +5.5% |
| 1978 | 65.6% | +1.8% |
| 1979 | 63.4% | -3.3% |
| 1980 | 60.2% | -5.1% |
| 1981 | 58.9% | -2.2% |
| 1982 | 57.8% | -1.8% |
| 1983 | 57.3% | -1.0% |
| 1984 | 55.8% | -2.6% |
| 1985 | 59.2% | +6.1% |
| 1986 | 56.0% | -5.4% |
| 1987 | 54.6% | -2.6% |
| 1988 | 53.0% | -2.8% |
| 1989 | 52.6% | -0.7% |
| 1990 | 52.1% | -0.9% |
| 1991 | 49.2% | -5.6% |
| 1992 | 45.3% | -8.0% |
| 1993 | 47.1% | +4.0% |
| 1994 | 48.3% | +2.6% |
| 1995 | 50.2% | +3.9% |
| 1996 | 50.4% | +0.4% |
| 1997 | 50.0% | -0.8% |
| 1998 | 48.4% | -3.1% |
| 1999 | 45.7% | -5.6% |
| 2000 | 45.2% | -1.1% |
| 2001 | 46.4% | +2.8% |
| 2002 | 47.1% | +1.4% |
| 2003 | 47.0% | -0.2% |
| 2004 | 43.3% | -7.8% |
| 2005 | 45.0% | +3.9% |
| 2006 | 45.8% | +1.7% |
| 2007 | 44.9% | -2.1% |
| 2008 | 47.4% | +5.6% |
| 2009 | 47.3% | -0.1% |
| 2010 | 48.2% | +1.7% |
| 2011 | 47.1% | -2.2% |
| 2012 | 47.0% | -0.3% |
| 2013 | 47.3% | +0.8% |
| 2014 | 46.2% | -2.4% |
| 2015 | 50.7% | +9.8% |
| 2016 | 50.3% | -0.8% |
| 2017 | 50.2% | -0.3% |
| 2018 | 51.9% | +3.3% |
| 2019 | 51.1% | -1.5% |
| 2020 | 50.7% | -0.7% |
| 2021 | 50.2% | -1.0% |
| 2022 | 51.0% | +1.5% |
| 2023 | 53.5% | +4.9% |
| 2024 | 55.4% | +3.6% |
Luxembourg compared with similar countries
- Luxembourg's 55.4% is above the median for high income countries, which is 43.9%, 1.3× the median. (55 countries reporting)
- Luxembourg's 55.4% is above the median for Europe & Central Asia, which is 39.4%, 1.4× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 61.5% | 55.3% | 65.6% | 8 |
| 1980s | 56.5% | 52.6% | 60.2% | 10 |
| 1990s | 48.7% | 45.3% | 52.1% | 10 |
| 2000s | 45.9% | 43.3% | 47.4% | 10 |
| 2010s | 49.0% | 46.2% | 51.9% | 10 |
| 2020s | 52.1% | 50.2% | 55.4% | 5 |
Countries ranked near Luxembourg
More public sector data for Luxembourg
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- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
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- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
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Frequently asked questions
- What is taxes on income, profits and capital gains in Luxembourg?
- Taxes on income, profits and capital gains in Luxembourg was 55.4% 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 65.6% in 1978.
- What is the lowest taxes on income, profits and capital gains recorded in Luxembourg?
- The lowest recorded value was 43.3% in 2004.
- How does Luxembourg rank for taxes on income, profits and capital gains?
- Luxembourg ranks 23rd 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 19.9%. 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 total taxes). 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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.