close
Share with your friends

Luxembourg: Synthesized texts of tax treaties, as amended by MLI

Luxembourg: Synthesized texts of tax treaties

The Luxembourg tax authorities announced the release of synthesized texts of certain income tax treaties that have been amended by the multilateral instrument (MLI).

1000

Related content

The synthesized treaty texts are available on the website of the tax authorities.

The synthesized treaty texts (drafted in English) display in a single document the original text of each “covered tax agreement” and highlight the provisions that have been amended or added by the MLI. At present, synthesized texts are available for the Luxembourg treaties with Georgia, Guernsey, Isle of Man, Iceland, Israel, Jersey, Lithuania, Latvia, Serbia, and United Arab Emirates. Others are expected when the consultation process with other competent authorities is completed.


KPMG observation

The objective of providing the synthesized treaty text is to help taxpayers understand the effects of the MLI on each covered tax agreement. The tax authorities emphasized that the authentic legal texts of each covered tax agreement, as well as the text of the MLI itself, take precedence and remain the applicable legal texts.

Read a June 2020 report prepared by the KPMG member firm in Luxembourg

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal