International Trade in Luxembourg

International Trade in Luxembourg

Luxembourg's economy is characterized by an attractive taxation system and a high degree of international openness. It is a country where the level of the service sector is highly expanded (almost 85% of the GDP). The financial sector alone represents almost half of Luxembourg's total GDP,... Read more

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Market Analyses About Luxembourg (23)

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  • JPA International Luxembourg

    JPA International Luxembourg

    Accounting Services , Luxembourg

    A Network of Independent Audit, Accountancy, Tax & Consultancy Firms -> Seeking efficiency by using innovative...
  • OneWorld Communications

    OneWorld Communications

    Advertising, Luxembourg

    Welcome to OneWorld Communications. We are a full-service advertising agency in San Francisco California with international...

Business Tips About Luxembourg (7)

Agents and Distributors in Luxembourg (7)

  • MW Commodities Sàrl

    MW Commodities Sàrl

    Food/Agricultural Sales and Distribution, Luxembourg

    MW Commodities Sàrl, an international development group based in the heart of the European Community, is a trading company and...

    Directories and Marketplaces, Luxembourg

    ABOUT AGENT & CO: A platform recognised by 20,000 satisfied, long-term registered companies. A simple, fast and efficient tool...

Overview About International Trade in Luxembourg

Main Industry Sectors

The agricultural sector is not well developed. It contributes only 0.4% to the GDP and employs less than 1.5% of the active population. The country's main crops are wine, wood, cereals and potatoes.
The industrial sector (15% of the GDP), has historically been dominated by the production of iron and steel. In these recent years, this trend was diversified, thus chemical factories, plastic products and light engineering have been added. The steel industry contributes around 10% to the GDP. Arcelor (recently acquired by the Mittal Steel group, this merger has converted it into the world's biggest steel producer), has its headquarters in Luxembourg.
Like all developed countries, a large part of the GDP is attributed to the tertiary sector. This sector represents almost 84% of the national wealth, and more than half of it, is attributed exclusively to financial and real estate services. Luxembourg is one of the world's largest money markets and the second largest investment fund manager in the world.


Economic Overview

Luxembourg's economy is characterized by an attractive taxation system and a high degree of international openness. It is a country where the level of

News Related to International Trade in Luxembourg

  • Luxembourg Submits Anti-Hybrid Mismatch Law - Aug 23, 2019

    On August 8, 2019, the Government of Luxembourg submitted to parliament draft law to implement the requirements of the second European Union Anti-Tax Avoidance Directive (ATAD 2), which tackles hybrid mismatch arrangements.


  • Transfer pricing controversy and governance challenges in Luxembourg - Jul 31, 2019

    Luxembourg??s stability and innovative culture has made it a global leader in the financial services sector. However, the greater interaction between the tax and regulatory dimension is creating complex tax governance and controversy challenges. Deloitte Luxembourg??s Ralf Heussner and Enrique Marchesi-Herce explore the impact BEPS changes will have on Luxembourg and its financial services sector

    Source: International Tax Review

  • Luxembourg Publishes Guidance On New IP Tax Breaks - Jul 17, 2019

    The Luxembourg direct tax administration has published a circular including comprehensive guidance for the recently introduced changes to the special tax regime for intellectual property income.