Law & Numbers - News Tax

Luxembourg Tax News

25.01.2012

- update December 2011 -

21 November 2011
Signature of a protocol amending the Luxembourg-Russia double tax treaty as follows :
-The withholding tax rate on dividends is reduced from 10% to 5% (same rate as with Cyprus and the Netherlands)
-An exchange of information on the basis of the OECD Modal Tax Convention is introduced
-Taxation of capital gains realised on the alienation of real estate companies in the State where the real estate is located
The Protocol is subject to reciprocal notification and applicable as from 1 January 2013 at the earliest

12 December 2011
VAT Circular No 756 reducing the VAT rate on E-books from 15% to 3%. The new rate is applicable as from 1 January 2012.

16 December 2011
Adoption of the budget law for 2012
The temporary crisis contribution for individuals has been abolished.

30 December 2011
Exchange of information between Luxembourg and Japan entered into force

1 January 2012
Exchange of information concluded between Luxembourg and Mexico entered into force

For further information please contact Mr. Bernard FELTEN

FELTEN & ASSOCIES
Avocats à la Cour - Lawyers
2, rue Jean Pierre Brasseur
L-1258 Luxembourg

Tél.: + (352) 45 77 45-1
Fax: + (352) 45 75 05
bfelten@feltenlawyers.com






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