CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. UAE, Luxembourg Amend Their Double Tax Agreement

UAE, Luxembourg Amend Their Double Tax Agreement

by Lorys Charalambous, Tax-News.com, Cyprus

28 October 2014


The United Arab Emirates (UAE) and Luxembourg on October 26, 2014, signed a protocol to amend their double tax agreement.

The protocol revises provisions in the treaty, which dates back to November 2005, the UAE's Ministry of Finance said. In particular, the scope of the treaty has been expanded to include a number of banks, public sector entities, and funds that were not included in the list of entities that could benefit from certain concessionary arrangements. The withholding tax rates on dividends, interest, and royalties remain unchanged.

The two countries have agreed that government entities may be added to the agreement through the exchange of official letters.

Officials from the two countries also signed a Memorandum of Understanding (MoU) on cooperation in the field of Islamic banking services. The MoU was signed in recognition of the two countries' growing role in the field of Islamic banking, which has become part of the global financial system, the Ministry said.

TAGS: United Arab Emirates | compliance | Finance | Energy | tax | double tax agreement (DTA) | tax compliance | banking | Luxembourg | agreements | memorandum of understanding (MOU) | Dubai | services | Investment | Invest | Investment | Tax | Tax Evasion

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »