Are you ready to go beyond?

The Commission de Surveillance du Secteur Financier (CSSF) has issued two Circulars — CSSF 25/893 and CSSF 25/892 — that reinforce Luxembourg’s commitment to implementing the Digital Operational Resilience Act (DORA). These circulars provide a comprehensive regulatory framework for ICT-related incident classification and reporting, as well as for estimating the financial impact of such incidents. Branches in Luxembourg of financial entities whose head office is based in another EU Member State (EU branches) are expected to report major ICT-related incidents, significant cyber threats and their estimations to the competent authority of their home Member State under DORA. As such, they are excluded from the scope of these circulars.

Following the monthly meeting of the Index Commission, the STATEC has confirmed the triggering of a new salary indexation as of 1 May 2025. The applicable index increases to 968,04 points (instead of 944,43 points), resulting in a 2.5% increase in wages, salaries and pensions.

Luxembourg companies that prepare their annual accounts in a foreign currency may be exposed to foreign exchange (FX) risk for tax purposes. Such risk could be mitigated by submitting a timely request to report the taxable income in this foreign currency.

Risking double taxation or losing your social security system? Never! How to avoid it: Closely monitor your employees' social security and tax thresholds.