The Circular covers 30 foreign currencies, including major and regional currencies used in cross-border transactions and tax reporting. The rates are based on the European Central Bank reference and serve as the official benchmark for the 2025 tax year.

The Luxembourg Administration of Direct Tax has issued Circular L.G.-A No. 60bis/11 on 27 January 2026, providing the reference exchange rates of the euro for the year 2025.

The rates, which include both year-end (31 December 2025) and annual average figures, are to be applied for various tax purposes.

The Circular covers 30 foreign currencies, including major and regional currencies used in cross-border transactions and tax reporting. The rates are based on the European Central Bank reference and serve as the official benchmark for the 2025 tax year.

Selected 2025 EUR reference exchange rates

Currency Exchange Rate 31/12/2025 Annual Average Rate
AUD – Australian Dollar 1.7581 1.7518
GBP – British Pound Sterling 0.87260 0.85679
USD – US Dollar 1.1750 1.1300
CHF – Swiss Franc 0.9314 0.9370
JPY – Japanese Yen 184.09 169.04
BRL – Brazilian Real 6.4364 6.3072
CNY – Chinese Yuan Renminbi 8.2262 8.1185
ZAR – South African Rand 19.4439 20.1789

The Circular notes that reference exchange rates for a given tax year are published at the beginning of the following year and must be used consistently for corporate, individual, and other tax calculations requiring currency conversion.