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Crisis contribution repealed as of 1st January 2012 - 15/12/2011


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Draft law n°6350 on the State budget for 2012 has been voted by Parliament on 8 December 2011. Although a couple of steps still need to be completed for the law to be published in the Luxembourg official gazette, it is unlikely that its content would change.

The most significant point of this law in the area of personal taxation is the repeal of the crisis contribution with effect 1st January 2012.

The 0,8% crisis contribution, which entered in force on 1st January 2011, applies to professional and replacement income as well as to all categories of non-professional income taxable in Luxembourg. It was initially foreseen to apply for 2011 and 2012.

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