Luxembourg Guide: Money
Our money guide provides information on bank accounts, credit and debit cards, money transfers and income tax. If you need to open a bank account, we will explain how to do it - step by step.-
Banks Where to manage your finances in Luxembourg
Banking is a major industry in Luxembourg, and there’s no shortage of banks to choose from. Luxembourg is home to over 220 different banks employing 10 per cent of the population! more » -
Opening an account How to open a bank account in Luxembourg
In theory, all you need to open a bank account in Luxembourg is your passport (or other identification) and a smile. (A suitcase full of cash is also a great ice breaker.) more » -
Bank Transfers How to make payments in Luxembourg
The usual method of making payments in Luxembourg is a direct bank transfer. more » -
Debit & Cash Cards How to use debit and cash cards
Banks in Luxembourg are leading the way towards a ‘cashless society’ with the various types of cards they issue to their customers. more » -
Credit & Charge Cards How to use credit cards in Luxembourg
Credit and charge cards are referred to collectively as credit cards in Luxembourg. more » -
Income tax An introduction to the income tax in Luxembourg
Although both Luxembourg enjoys a reputation for being a tax haven for the idle rich, ordinary working people in Luxembourg suffer from some of the highest tax rates in the world. more » -
Income Tax liability Who is liable to pay income taxes in Luxembourg?
Your liability for income taxes (and any other sort of taxes, for that matter) depends on where you're domiciled, which is usually the country you regard as your permanent home and where you live most of the year. more » -
Taxable Income What part of my income is taxable?
There are five categories of taxable income in Luxembourg: more » -
Tax Bills When to pay them and other matters
A few months after filing your tax return, you should receive a notice of assessment from your assigned tax inspector. more »