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Taxpayer to support over 60 firms in paying wages in February
1 day ago · The number of companies requesting government support to pay wages has fallen again, according to data released on Tuesday. The government will support 64 firms to pay part of staff salaries in February through the partial unemployment scheme, ten companies fewer than in January, the government said in a press release following a meeting of the comité de conjuncture, the government’s ...
Luxembourg | Luxembourg Times
Dec 30, 2024 · Stories on issues that directly impact Luxembourg’s communities. Skilled craft businesses play a key role in Luxembourg’s economy. These enterprises are valued for their expertise, adaptability and proximity to their customers in a range of sectors including construction, food, services and much more.
Government extends housing tax measures until 2025
Dec 6, 2024 · The government is extending tax benefits for housing construction until July 2025, Prime Minister Luc Frieden announced on Friday afternoon. This mainly concerns the "Bëllegen Act" tax credit for first-time buyers of owner-occupied flats and …
Luxembourg businesses believe they are losing competitiveness …
2 days ago · The economy is predicted to grow by between 2.3% and 2.5% during 2025 and 2026, according to various forecasts from both Statec and the OECD. The latest Statec economic review also provides an insight into the surging inflation of recent years; prices in restaurants and cafés rose by 22% in Luxembourg between December 2019 and the end of 2024.
Tax and social security changes to leave households better off in …
Dec 31, 2024 · That means that a single earner with an annual gross wage of €50,000, for example, will save €502 in taxes compared to 2024. A married couple with one or more children and a household income of €75,000 a year will pay €444 less in tax from 2025, while the same family set-up, but with an annual income of €125,000, will save €1,460 in tax.
Top five stories you may have missed this week
Oct 26, 2024 · French assurances on checks relieve border communities. France has promised to limit new border controls with Luxembourg set to begin on 1 November and last until the end of April, Interior Minister Léon Gloden told Luxembourg’s parliament this week.
Top five stories you may have missed this week
Nov 2, 2024 · ArcelorMittal jumps into China’s electric-car metals market. Luxembourg steel giant ArcelorMittal is pushing into China through joint ventures to build two factories at a potential cost of around $1.3 billion (€1.2 billion), the Luxembourg Times has learned. That represents its share of a $2.6 billion investment, alongside its Chinese partner, in two new factories.
Top five stories you may have missed this week - LuxTimes
Aug 17, 2024 · Marc Lauer, the head of Foyer and Vice-Chairman of the Luxembourg Association of Luxembourg Insurers and Reinsurers (ACA) is clearly frustrated that there has been no real progress towards finalising legislation and regulation on liability for autonomous vehicles.
Top five stories you may have missed this week
Sep 7, 2024 · The EU’s top court should enforce a fine against Luxembourg air-freight carrier Cargolux, imposed for conspiring with other airlines to drive up shipping costs and consumer prices two decades ago, but allow a new look at whether the €80 million sum is justified, an advisory opinion said.