The protocol updates the treaty to align with OECD/G20 BEPS standards and prevent tax evasion.
The Sri Lankan Cabinet approved the signing of an amending protocol to the 2013 income and capital tax treaty with Luxembourg on 24 November 2025.
The new agreement aims to align with the latest international standards and implement recommendations from the OECD/G20 Base Erosion and Profit Shifting (BEPS) framework.
This protocol represents the first amendment to the treaty and must be signed and ratified before taking effect.