The Luxembourg double tax treaties network — 31 January update
Situated at the crossroads of Europe, the Grand Duchy of Luxembourg is based on a dynamic and open economy that actively promotes the development of cross-border trade and investments. Its major role in matters of international trade in the sectors of banking and finance, investment funds and holding companies has consequently led to a strong network of double tax treaties that have been developed over the years.
To that end, Luxembourg has entered into 68 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 among the most industrialised countries with inter alia all of the states in the European Union but Cyprus, the US, Japan, Brazil, China, Mexico, Hong Kong, Russia and Canada. Luxembourg tax treaties, like most bilateral agreements, are designed and balanced to address a specific economic context…
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Briefings from Wildgen
In its 2013 Annual Report, the Luxembourg Direct Tax Authorities reported on new tax treaties with Hungary, New Zealand, the UK and Uruguay.
The CSSF has issued an updated version of the FAQs relating to the Luxembourg Law of 12 July 2013 on alternative investment fund managers (the AIFM Law).