As of 1 January 2015, an additional 0.5 % (impôt d'équilibrage budgétaire temporaire) income tax is due by individuals.
This additional tax applies to:
- Individuals subject to the Luxembourg State social security scheme in relation to their professional and capital income. The tax is assessed by the social security authorities on the uncapped income after deduction of a rebate; and
- Resident and non-resident taxpayers in relation to their taxable assets income in Luxembourg (such as but not limited to dividends, interests and capital gains). The tax is assessed by the Luxembourg tax administration and will not be due if it does not exceed EUR 25 on an annual basis.
