Luxembourg Updates Social Security Contribution Rates and Contribution Basis Amounts for 2024

Luxembourg's Joint Center for Social Security has published the updated social security contribution rates for 2024. Changes as compared to 2023 include:
- A reduction in the contributions rate for industrial/agricultural accident insurance from 0.75% to 0.70% (the rate is multiplied by a bonus/penalty factor of 0.9 to 1.5 depending on risk category determined and informed by the Accident Insur…