Luxembourg, Lebanon Near DTA Conclusion

by Ulrika Lomas, Tax-News.com, Brussels

11 June 2012

Luxembourg’s Economy Minister Etienne Schneider has recently conducted a working visit to Lebanon to promote economic relations between the two countries.

During the course of his visit, the Luxembourg minister held talks with Lebanon’s President Michel Sleimane, with Lebanon’s Prime Minister Najib Miqati as well as with Lebanon’s parliamentary president Nahbi Berri.

While highlighting the excellent existing relations between Luxembourg and Lebanon, Economy Minister Schneider discussed various ways in which to further develop economic and commercial ties between the two countries.

During the course of the discussions, it emerged that the bilateral double taxation agreement (DTA) between Luxembourg and Lebanon could be concluded shortly, as Lebanon is confident of reaching a consensus on the issue of information exchange.

According to the Luxembourg finance ministry, certain areas of cooperation, in particular logistics, the banking and financial sector, as well as civil engineering and construction merit being further strengthened in the years ahead.