NationMaster - Luxembourg Taxation statistics

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

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Components of taxation > Corporate income tax	u20.5%		[1st of 28]
Components of taxation > Goods and service tax	27.9%		[22nd of 30]
DEFINITION: Goods and service tax as a percentage of total tax collected by the country. Data is for 2002.
SOURCE: OECD Revenue Statistics
Components of taxation > Personal income tax	16.2%		[26th of 30]
DEFINITION: Personal Income tax as a percentage of total tax collected by the country. Data is for 2002.
SOURCE: OECD Revenue Statistics
Components of taxation > Social security > Contribution by employer	12.4%		[16th of 27]
DEFINITION: Tax on employer's contribution of social security as a percentage of total tax collected by the country. Data is for 2002.
SOURCE: OECD Revenue Statistics
Components of taxation > Social security > Employees contribution	11.3%		[11th of 30]
DEFINITION: Tax on employee's contribution of social security as a percentage of total tax collected by the country. Data is for 2002.
SOURCE: OECD Revenue Statistics
Net taxes on products > constant LCU	2643600000
DEFINITION: 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.		View time series
SOURCE: OECD Revenue Statistics
Net taxes on products > current LCU	3099000000
DEFINITION: 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.		View time series
SOURCE: World Development Indicators database
Net taxes on products > current US$	3,853,998,000 $		[46th of 159]
DEFINITION: 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.		View time series
SOURCE: World Development Indicators database
Social contributions > % of revenue	29.68 %		[24th of 78]
DEFINITION: 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.		View time series
SOURCE: World Development Indicators database
Social contributions > current LCU	3382573000
DEFINITION: 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.		View time series
SOURCE: World Development Indicators database
Taxes on goods and services > % value added of industry and services	13.86 %		[19th of 89]
DEFINITION: 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.		View time series
SOURCE: World Development Indicators database
Taxes on income, profits and capital gains > % of revenue	28.6 %		[19th of 98]
DEFINITION: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.		View time series
SOURCE: World Development Indicators database
Taxes on income, profits and capital gains > % of total taxes	44.64 %		[17th of 98]
DEFINITION: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.		View time series
SOURCE: World Development Indicators database
Total tax wedge > Single worker	33.9%		[18th of 29]
DEFINITION: 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.
SOURCE: World Development Indicators database
Total tax wedge > Single-income family	11.5%		[28th of 29]
DEFINITION: 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.
SOURCE: OECD