- 07 March 2013. Draft law 6552 implementing new tax treaty with Taïwan submitted to the Luxembourg Parliament.
- 07 March 2013. The Finance Ministers of Luxembourg and the Czech Republic signed on Tuesday 05 March an agreement on preventing double taxation which replaces the agreement of 1991. This new treaty will include the international standard of exchange of information upon request.
- 04 March 2013. Luxembourg Government Amendment includes the tax treaties signed with Kazakhstan, Laos (Lao People's Democratic Republic) and Sri Lanka to the draft law 6501.
- 28 February 2013. In its 2012 Annual Report issued on 25 February, the Luxembourg Direct Tax Authorities reported that they have negotiated new tax treaties with Botswana, Brunei, Chili, Czech Republic, Guernsey, Jersey and Isle of Man and protocol with Estonia. It is also reported that 592 exchange of information upon request, spontaneous information exchange and automatic exchange of information have been handled by the Luxembourg Direct Tax Authorities in 2012.
- Week 04-08 February 2013. The Luxembourg President of Parliament had informed Russian deputies that Luxembourg is close to the final vote of the protocol (signed on 21 November 2011).
- 25 January 2013. The Luxembourg Government
adopted the draft law implementing the new tax treaty with Taiwan
(signed on 19 December 2011). This draft law has not yet been
submitted to the Parliament.
- 21 November 2012. Draft law 6501 submitted to
the Luxembourg Parliament. This draft law implements new tax
treaties with Germany, Macedonia, Seychelles and Tajikistan and
protocols to existing tax treaties with Canada, Kazakhstan, South
Korea, Italy, Malta, Poland, Romania, Russia and Switzerland. The
international standard of exchange of information upon request is
integrated to all of these.
Update - List of double tax treaties in force and in negotiation as of 07 March 2013.
Situated at the crossroad of Europe, the Grand-Duchy of Luxembourg is based on a dynamic and open economy which actively promotes the development of cross border trade and investments. Its major role in matter of international trade in the sectors of banking and finance, investment funds and holding companies has for a consequence that a strong network of double tax treaties has been developed over the years. To that end, Luxembourg has entered into 64 comprehensive double tax treaties based on the OECD model tax convention on income and capital in order to mitigate the risks of double taxation for businesses.
The Grand Duchy treaty partners are amongst the most industrialised countries with inter alia all of the states in the European Union but Cyprus, the United States, Japan, Brazil, China, Mexico, Hong Kong and Russia, Canada. Luxembourg tax treaties as most bilateral agreements are designed and balanced to address a specific economic context. Given their very nature, tax treaties are constantly negotiated and updated to the latest international standards.
Another perspective to the steady expansion of Luxembourg tax treaties must be added. Luxembourg endorsed on 13 March 2009 the international standard of exchange of information upon request embodied in article 26-5 of the OECD model tax convention. As a result, 23 treaties containing the said standard were concluded, 9 protocols and 3 new treaties are actually pending (draft law 6501 deposited on 21 November 2012 for examination and adoption by the Parliament).
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
