Luxembourg’s Finance Minister Luc Frieden has provided an update as regards the status of negotiations on double tax agreements (DTA) conforming to the Organization for Economic Cooperation and Development’s (OECD) model convention on transparency and information exchange.
In his response to a parliamentary question, the Luxembourg finance minister underlined that the government had sought, since withdrawing its reservations to article 26-5 of the OECD model tax convention, to contact all treaty partner states to renegotiate existing accords aimed at double tax avoidance.
Finance Minister Frieden listed all the countries with which Luxembourg has initialled, signed or ratified additional accords, namely: Germany, Armenia, Austria, Bahrain, Barbados, Belgium, South Korea, Denmark, Spain, USA, Finland, France, Hong Kong, Mauritius, India, Iceland, Italy, Japan, Kazakhstan, Macedonia, Malta, Mexico, Norway, Netherlands, Poland, Portugal, Qatar, Romania, UK, Sweden, Switzerland and Turkey.
The minister explained that Luxembourg is currently in negotiations pertaining to additional agreements with Albania, Bulgaria, Estonia, Hungary, Ireland, Latvia, Lithuania, Malaysia, Morocco, Mongolia, Czech Republic, and Vietnam.
According to Frieden, countries that have not responded to Luxembourg’s request for renegotiation include China, United Arab Emirates, Greece, Indonesia, Kyrgyzstan, Kuwait, Moldova, Uzbekistan, Slovakia, Thailand, Tobago, Trinidad and Tunisia.
Luxembourg has concluded new bilateral agreements containing the provisions of article 26-5, that have been initialled, signed or ratified, with Saudi Arabia, Armenia, Bahrain, Barbados, Croatia, India, Liechtenstein, Monaco, Oman, Panama, Qatar, Seychelles, Sri Lanka, and Tajikistan, the minister said.
Countries with which negotiations aimed at concluding new bilateral agreements are currently ongoing include Egypt, Montenegro, New Zealand, Pakistan, Serbia and Syria.
Alluding specifically to requests for mutual assistance, in accordance with article 26-5 of the OECD model convention, Frieden revealed that 150 requests for fiscal information had been submitted, of which 56 have been dealt with following an exchange of information.
In his response to a parliamentary question, the Luxembourg finance minister underlined that the government had sought, since withdrawing its reservations to article 26-5 of the OECD model tax convention, to contact all treaty partner states to renegotiate existing accords aimed at double tax avoidance.
Finance Minister Frieden listed all the countries with which Luxembourg has initialled, signed or ratified additional accords, namely: Germany, Armenia, Austria, Bahrain, Barbados, Belgium, South Korea, Denmark, Spain, USA, Finland, France, Hong Kong, Mauritius, India, Iceland, Italy, Japan, Kazakhstan, Macedonia, Malta, Mexico, Norway, Netherlands, Poland, Portugal, Qatar, Romania, UK, Sweden, Switzerland and Turkey.
The minister explained that Luxembourg is currently in negotiations pertaining to additional agreements with Albania, Bulgaria, Estonia, Hungary, Ireland, Latvia, Lithuania, Malaysia, Morocco, Mongolia, Czech Republic, and Vietnam.
According to Frieden, countries that have not responded to Luxembourg’s request for renegotiation include China, United Arab Emirates, Greece, Indonesia, Kyrgyzstan, Kuwait, Moldova, Uzbekistan, Slovakia, Thailand, Tobago, Trinidad and Tunisia.
Luxembourg has concluded new bilateral agreements containing the provisions of article 26-5, that have been initialled, signed or ratified, with Saudi Arabia, Armenia, Bahrain, Barbados, Croatia, India, Liechtenstein, Monaco, Oman, Panama, Qatar, Seychelles, Sri Lanka, and Tajikistan, the minister said.
Countries with which negotiations aimed at concluding new bilateral agreements are currently ongoing include Egypt, Montenegro, New Zealand, Pakistan, Serbia and Syria.
Alluding specifically to requests for mutual assistance, in accordance with article 26-5 of the OECD model convention, Frieden revealed that 150 requests for fiscal information had been submitted, of which 56 have been dealt with following an exchange of information.
