Luxembourg And Finland Sign Tax Treaty Protocol

by Ulrika Lomas, Tax-News.com, Brussels

08 July 2009

Luxembourg and Finland have signed a protocol amending the treaty of March 1, 1982 between Finland and the Grand Duchy for the avoidance of double taxation and the prevention of tax evasion regarding taxes on income and capital.

The protocol provides for exchange of information upon request between the tax administrations of both countries, and will apply as of the tax year 2010. It is not intended as an automatic exchange of banking information and does not allow for general requests or so-called ’fishing expeditions’. The agreement is the eighth to comply with the provisions of the Organisation of Economic Cooperation and Development’s (OECD) model tax convention on income and capital.

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