On 21st August 2018, the law on the information to be obtained and held by fiduciary agents (the “2018 Law”) implementing part of Article 31 of EU Directive 2015/849 of 20th May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (the “4th AML Directive”) was published in the Luxembourg Gazette N° 702 on 21st August 2018. The 2018 Law had been adopted by Parliament on 26th July 2018 and will enter into force on 25th August 2018.


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31/07/2018
Index increase
14/01/2020
Index increase

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14/01/2020
Index increase

Since 1 January 2020, the index applicable to employees' wages has been increased from 814,40. to 834,76. This results in a 2.5% raise of the gross salary paid to employees with Luxemburg Law subject employment contracts.
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