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comparing tax in luxembourg with switzerland

LuxembourgSwitzerlandDifference in Switzerland
Gross Income 33,388.98 EUR / 30,000.00 GBP 36,818.85 CHF / 30,000.00 GBP - 0.00 GBP
Tax Due 8,477.91 EUR / 7,617.40 GBP 5,281.92 CHF / 4,303.71 GBP - 3,313.69 GBP
Net Income 24,911.07 EUR / 22,382.60 GBP 31,536.93 CHF / 25,696.29 GBP + 3,313.69 GBP
Overall Tax Rate 25.4 % 14.3 % - 11.10 %.

Figures based upon 1 EUR = 0.89850004 GBP.

Figures based upon 1 CHF = 0.81480003 GBP.

In Luxembourg, an income of 33,388.98 EUR / 30,000.00 GBP is more than the lowest average advertised salary of 24,000.00 EUR / 21,564.00 GBP and less than the country's average income of 55,000.00 EUR / 49,417.50 GBP.

In Switzerland, an income of 36,818.85 CHF / 30,000.00 GBP is more than the lowest average advertised salary of 33,400.00 CHF / 27,214.32 GBP and less than the country's average income of 96,000.00 CHF / 78,220.80 GBP.

Here are how much some common purchases cost in Luxembourg vs Switzerland:

LuxembourgSwitzerlandDifference in Switzerland
Water Bottle (1.5L) 1.10 EUR / 0.99 GBP 1.23 CHF / 1.00 GBP + 0.01 GBP
Milk Bottle (1L) 1.30 EUR / 1.17 GBP 1.59 CHF / 1.30 GBP + 0.13 GBP
Pint of Beer 5.00 EUR / 4.49 GBP 7.00 CHF / 5.70 GBP + 1.21 GBP
Bread (500g) 1.94 EUR / 1.74 GBP 2.63 CHF / 2.14 GBP + 0.40 GBP
Chicken Breasts (1kg) 11.56 EUR / 10.39 GBP 25.22 CHF / 20.55 GBP + 10.16 GBP
Petrol UK Gallon 5.45 EUR / 4.90 GBP 7.36 CHF / 6.00 GBP + 1.10 GBP
Volkswagen Golf or Equivalent 21,545.00 EUR / 19,358.18 GBP 24,000.00 CHF / 19,555.20 GBP + 197.02 GBP
Broadband Internet Monthly 48.77 EUR / 43.82 GBP 59.83 CHF / 48.75 GBP + 4.93 GBP
Rent One Bedroom Apt. In City (Monthly) 1,409.62 EUR / 1,266.54 GBP 1,398.76 CHF / 1,139.71 GBP - 126.83 GBP
Purchase One Bedroom Apt. In City 282,333.45 EUR / 253,676.62 GBP 386,872.15 CHF / 315,223.44 GBP + 61,546.82 GBP

Part of Europe, Luxembourg covers an area of 2,590 square kilometers.

Luxembourg has a Gross Domestic Product (PPP) of 58.74 ($ Billion) from a population of 584,103.

A progressive tax system spread across 23 bands! - from 0% to 42%.

Single employed people are put in the tax class '1' and receive 11,265 EUR as a zero rated tax band.

Before calculating tax, certain deductions can be applied.

All employees have a standard minimum tax deductible expense of 540 EUR for work-related expenses.

Luxembourg allow costs incurred travelling to and from work as a tax deductible expense - up to 2,574 EUR annually!

Tax bands are as follow:

Below 11265 EUR - 0%

Between 11265 EUR and 13137 EUR - 8%.

Between 13137 EUR and 15009 EUR - 9%.

Between 15009 EUR and 16881 EUR - 10%.

Between 16881 EUR and 18753 EUR - 11%.

Between 18753 EUR and 20625 EUR - 12%.

Between 20625 EUR and 22569 EUR - 14%.

Between 22569 EUR and 24513 EUR - 16%.

Between 24513 EUR and 26457 EUR - 18%.

Between 26457 EUR and 28401 EUR - 20%.

Between 28401 EUR and 30345 EUR - 22%.

Between 30345 EUR and 32289 EUR - 24%.

Between 32289 EUR and 34233 EUR - 26%.

Between 34233 EUR and 36177 EUR - 28%.

Between 36177 EUR and 38121 EUR - 30%.

Between 38121 EUR and 40065 EUR - 32%.

Between 40065 EUR and 42009 EUR - 34%.

Between 42009 EUR and 43953 EUR - 36%.

Between 43953 EUR and 45897 EUR - 38%.

Between 45897 EUR and 100002 EUR - 39%.

Between 100002 EUR and 150000 EUR - 40%.

Between 150000 EUR and 200004 EUR - 41%.

Above 200004 EUR - 42%.

A solidarity surcharge is applied for employed people equivalent to 7% of income (up to 150,000 EUR) and 9% (over 150,000 EUR).

Social contributions equate to (8% toward pension, 3.05% toward health capped to 115,000 EUR of income) plus (1.4% of income after 5,769 EUR toward welfare).

Source: http://www.impotsdirects.public.lu/fr.html

Source: XE.com (Currency Conversion).

Source: SalaryExplorer.com (Averages from average salaries in major job categories).

Source: Numbeo.com (Cost of living).

Part of Europe, Switzerland covers an area of 39,524 square kilometers.

Switzerland has a Gross Domestic Product (PPP) of 494.30 ($ Billion) from a population of 8,454,083.

Three types of taxes are levied - Federal, Cantonal and Municipal with a progressive tax system aside from a few cantons.

Tax bands are as follow:

Below 14500 CHF - 0%

Between 14500 CHF and 31600 CHF - 0.77%.

Between 31600 CHF and 41400 CHF - 0.88%.

Between 41400 CHF and 55200 CHF - 2.64%.

Between 55200 CHF and 72500 CHF - 2.97%.

Between 72500 CHF and 78100 CHF - 5.94%.

Between 78100 CHF and 103600 CHF - 6.6%.

Between 103600 CHF and 134600 CHF - 8.8%.

Between 134600 CHF and 176000 CHF - 11%.

Between 176000 CHF and 755200 CHF - 13.2%.

Above 755200 CHF - 11.5%.

Here we use Zurich at Canton and Municipal level for comparative purposes (City of Zurich with a 1.17% municipal tax factor).

Below 6700 CHF - 0%

Between 6700 CHF and 11400 CHF - 2.38%.

Between 11400 CHF and 16100 CHF - 3.57%.

Between 16100 CHF and 23700 CHF - 4.76%.

Between 23700 CHF and 33000 CHF - 5.95%.

Between 33000 CHF and 43700 CHF - 7.14%.

Between 43700 CHF and 56100 CHF - 8.33%.

Between 56100 CHF and 73000 CHF - 9.52%.

Between 73000 CHF and 105500 CHF - 10.71%.

Between 105500 CHF and 137700 CHF - 11.9%.

Between 137700 CHF and 188700 CHF - 13.09%.

Between 188700 CHF and 254900 CHF - 14.28%.

Above 254900 CHF - 15.47%.

Social security contributions (7%) are deductible from gross income for tax purposes.

Mandatory health insurance deduction of 1,700 CHF applied and added as a Social contribution in lieu of health contribution.

Commuting costs and work meal costs are deductible. We will use a flat amount of 2,000 CHF.

Source: https://www.estv.admin.ch/estv/en/home.html.

Source: XE.com (Currency Conversion).

Source: SalaryExplorer.com (Averages from average salaries in major job categories).

Source: Numbeo.com (Cost of living).

Help

This calculator allows you to calculate income taxes and social contributions equivalent for Luxembourg and Switzerland and allow comparison between both. You can choose the preferred currency for the input amounts and displayed calculation. For example: If you choose GBP as your preferred currency, then the income entered will be converted to Luxembourg's and Switzerland's native currencies for the calculation so that correct income equivalent is used. The results will then be shown in the native currencies and GBP.

How we compare world taxes

We have trawled through the quagmire of tax legislation for 16 of the World's major economies and created a comparable position as close to the UK's PAYE (Pay As You Earn) system for employed people.

We look at each country's taxation for employed people, as well as things like medical care which are part of social contributions for some countries or require mandatory purchase of health insurance.

Combining this information lets us calculate taxes for each of the 16 countries and then do not only a taxation comparison but also a comparison of buying power based upon commonly purchased items.

It is quick and easy to use and you can get a detailed result at the click/tap of a button!

Compare tax using these examples:

We currently support the following countries - by clicking on the links below you can just do an individual tax calculation for those countries - or scroll up and compare tax between two countries directly!

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