Luxembourg Minister of the Treasury and Netherlands State Secretary of Finance sign protocol for better avoidance of double taxation and prevention of fiscal evasion
On 29 May 2009, the Luxembourg Minister of the Treasury, Luc Frieden, and the Netherlands State Secretary of Finance, Jan Kees de Jager, signed in The Hague a protocol updating the convention of 8 May 1968 between the Kingdom of the Netherlands and the Grand Duchy of Luxembourg for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital.
The Protocol provides for exchange of information upon request among the tax administrations of both countries. The agreement does not allow for general requests (”fishing expeditions”), nor does it foresee an automatic information exchange procedure. The protocol has no retroactive effect and will apply as of the tax year 2010.
By updating its international network of double taxation treaties, the Government of Luxembourg intends to strengthen its major bilateral economic partnerships. The protocol reflects the privileged relationship between the two countries. The Netherlands currently represent the Grand Duchy’s fourth largest trading partner. According to the Luxembourg Government’s declaration of 13 March 2009, the Protocol signed today is fully compliant with the Organisation for Economic Co-operation and Development’s (OECD) model tax convention on income and capital, and in line with international standards of fiscal cooperation.
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Ministère d'État
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