The Luxembourg Government has announced that the minimum and maximum social security contribution basis has been set with effect from 1 January 2020.
This includes that the monthly minimum basis is set at EUR 2,141.99 (EUR 25,703.88 minimum annual basis) and the monthly maximum basis is set at EUR 10,709.97 (EUR 128,519.64 maximum annual basis). In addition, for the dependency insurance contribution, which is levied on gross professional income without a maximum basis, the monthly contribution-free deduction is increased from EUR 522.44 to EUR 535.50 (EUR 6,426.00 annual deduction).
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