Tax-News.com

Luxembourg Minister of Budget Luc Frieden concluded a new tax agreement with Dutch State Secretary of Finance Jan Kees de Jager on 29 May. The agreement will provide for the exchange of information in tax matters between the two countries in accordance with the OECD standard.

A statement from Luxembourg’s Ministry of Finance said that the protocol, which amends the existing double tax convention of May 8,1968, provides for the exchange of information on request in individual cases between the tax administrations of both countries. It applies to tax years 2010 and following and has no retroactive effect. The agreement does not seek an automatic exchange of bank information and does not allow for general inquiries, or so called ‘fishing expeditions’.

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This entry was posted on Friday, June 5th, 2009 at 9:55 am and is filed under Issues in the News, Media, News.