FACTOID # 4: Tax makes up half of the of Gross Domestic Product in Denmark and Sweden. In Japan and the United States, it makes up less than 30%.
 
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Europe > Luxembourg > Taxation

LUXEMBOURG TAXATION STATS:   Top Stats   All Stats  
View this page with:    Just Stats   Sources   Definitions   Both  
Components of taxation > Corporate income tax u1% [1st of 28]
Components of taxation > Goods and service tax 22% [22nd of 30]
Components of taxation > Personal income tax 26% [26th of 30]
Components of taxation > Social security > Contribution by employer 16% [16th of 27]
Components of taxation > Social security > Employees contribution 11% [11th of 30]
Highest marginal tax rate, corporate rate > % 69 % ... [69th of 108]
Highest marginal tax rate, individual > on income exceeding, US$ 30 $ ... [30th of 93]
Highest marginal tax rate, individual rate > % 23 % ... [23rd of 102]
Net taxes on products > constant LCU 2643600000 ...
Net taxes on products > current LCU 3099000000 ...
Net taxes on products > current US$ 46 $ ... [46th of 159]
Other taxes > % of revenue 29 % ... [29th of 91]
Other taxes > current LCU 423580100 ...
Social contributions > % of revenue 24 % ... [24th of 78]
Social contributions > current LCU 3382573000 ...
Tax revenue > % of GDP 10 % ... [10th of 98]
Tax revenue > current LCU 7301323000 ...
Taxes on goods and services > % of revenue 42 % ... [42nd of 98]
Total tax wedge > Single worker 18% [18th of 29]
Total tax wedge > Single-income family 28% [28th of 29]

... View all Taxation stats

SOURCES: Corporate Income tax as a percentage of total tax collected by the country. Data is for 2002.; Goods and service tax as a percentage of total tax collected by the country. Data is for 2002.; Personal Income tax as a percentage of total tax collected by the country. Data is for 2002.; Tax on employer's contribution of social security as a percentage of total tax collected by the country. Data is for 2002.; Tax on employee's contribution of social security as a percentage of total tax collected by the country. Data is for 2002.; Highest marginal tax rate (corporate rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of corporations.; Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals. This series presents the income levels for individuals above which the highest marginal tax rates levied at the national level apply.; Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in constant local currency.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current local currency.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars.; Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes.; Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments.; Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.; Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.; The percentage of gross earnings given up in tax, including any social security contributions. Calculated for a single worker without children, earning 100 % of the average wage. Data for 2001, and only for selected OECD countries.; The percentage of gross earnings given up in tax, including any social security contributions. Calculated for a married couple with two children, earning 100% of the average wage. Data for 2001. Selected OECD countries only.

ALTERNATIVE NAMES: Luxembourg, Grand Duchy of Luxembourg, Grand Duche de Luxembourg

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