Luxembourg: Legislative changes to implement mandatory automatic exchange of information
The Luxembourg Council of Ministers approved the legislative changes required to implement the mandatory automatic exchange of information system on 4 October 2013 required by article 8 of the Mutual Assistance Directive on administrative
See MoreKazakhstan-Luxembourg DTT approved by Kazakhstan
Kazakhstan’s Lower House of Parliament has approved the Kazakhstan – Luxembourg Income and Capital Tax Treaty (2008) on September 25, 2013 which was signed on June 26, 2008, and the amended protocol was signed on May 3, 2012. The treaty and
See MoreLuxembourg: A judgment of the ECJ regarding Principal establishments
A judgment of the EU Court of Justice concluded that a company having its principal establishment in an EU Member State may not take into account for reasons of calculating the deductible amount of VAT, the turnover of its foreign branches on 24
See MoreIncome and Capital Tax Treaty between Luxembourg and Tajikistan entered into force
The Income and Capital Tax Treaty between Luxembourg and Tajikistan entered into force on 27 July 2013. The treaty will applicable from 1 January
See MoreIncome and Capital Tax Treaty between Luxembourg and Seychelles entered into force
Income and Capital Tax Treaty between Luxembourg and Seychelles entered into force on 19 August 2013. The treaty will applicable from 1 January
See MoreLuxembourg and Uruguay initial a tax treaty
Luxembourg and Uruguay initiated a double tax agreement (DTA) on August 27, 2013. As Uruguay is considered to be one of the leading financial centers in South America a treaty with Luxembourg would open up possibilities for investors and funds from
See MoreIncome and capital tax treaty between Saudi Arabia and Luxembourg
The income and capital tax treaty between Saudi Arabia and Luxembourg was signed on 7 May 2013. The text of the treaty has become available now. The treaty will now undergo with some ratification procedures. The new treaty is expecting to become
See MoreLuxembourg publishes Circular on Minimum Corporate Income Tax (MCIT)
The Luxembourg tax authority published a circular L.I.R. no. 174/1 on 1 August 2013. This relates to the Minimum Corporate Income Tax (MCIT). The most significant parts of the circular are given below: Luxembourg permanent establishments are not
See MoreLuxembourg’s AIFM Directive-Bill adopted
The European Union’s Alternative Investment Fund Managers Directive has been amended by the draft legislation into Luxembourg law which was approved by the grand duchy’s Chamber of Deputies on Wednesday July 10, 2013. Luxembourg has become one
See MoreLuxembourg’s Corporate Tax Plans made public
The Luxembourg Government has uncovered some details of its future corporate tax plans. Increasing the rate of business tax has been ruled out by the Government. They have however confirmed plans to further simplify and modernize tax procedures for
See MoreLuxembourg: Standard VAT rate will increase from 2015
The Luxembourg Prime Minister announced on 10 April 2013 that, the standard VAT rate will increase as from 2015, but the new rate has not yet been announced. The standard VAT rate is presently 15percent and is the lowest in the EU. The Luxembourg
See MoreTreaty between Luxembourg and Isle of Man signed
Luxembourg has signed a comprehensive Double Taxation Agreement (DTA) with the Isle of Man, as part of an on-going programme of signing DTAs and Tax Information Exchange Agreements (TIEAs). The signing took place in London on 8 April 2013. TIEAs are
See MoreLuxembourg-Czech Republic DTA signed
The Czech Republic and Luxembourg has signed a bilateral double taxation agreement (DTA) on March 5, 2013 and this new treaty will replace the former Czechoslovakia – Luxembourg Income and Capital Tax Treaty (1991). The new treaty generally
See MoreIreland: New DTAs with Thailand and Ukraine
The Irish tax authority has confirmed in a recent update that the nation has concluded negotiations towards new double taxation agreements (DTAs) with Thailand and Ukraine, and towards revised agreements with Belgium and
See MoreDTA between Czech Republic and Luxembourg under negotiations
The Czech Republic and Luxembourg are to hold a second round of negotiations towards a double taxation agreement (DTA) over a four-day period beginning on October 2,
See MoreBelgium: Parliament has approved five DTA protocols
The Belgian parliament has approved five protocols to double taxation agreements signed between Belgium and Luxembourg, Denmark, France, the United Kingdom and France, as part of the country's ratification
See MorePortugal-Luxembourg DTA entered into force
According to notice no. 65/2012, published by the Portuguese government on June 20, 2012, two protocols amending the Portugal-Luxembourg double taxation agreement (DTA) entered into force on May 18,
See MoreLuxembourg and Lebanon Near DTA Conclusion
It was reported on 11 June 2012 that Luxembourg’s Economy Minister has recently conducted a working visit to Lebanon to promote economic relations between the two countries. During the course of his visit, the Luxembourg minister held talks with
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