 |
|
|
 |
|
| |
|
| Lowtax Network Sites |
| Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. Sponsored by HSBC
Bank International. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
| Offshore Trusts
Guide: OTG publishes news, features and newsletters on the use of
offshore trust structures. |
| TreatyPro: Online
tax treaty resource. |
|
|
| Luxembourg Approves Multiple Tax Treaties |
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, February 08, 2011
During a recent meeting, Luxembourg’s governing council adopted the bill
providing for the approval of bilateral tax agreements with Barbados and Panama,
as well as for the approval of amendments to multiple existing bilateral tax
treaties. The agreements and amendments provide for information exchange upon
request.
The bill is designed to pursue the government’s policy of modifying a
certain number of double tax agreements (DTAs), to ensure that they comply with
the Organization for Economic Cooperation and Development’s (OECD) international
standards on tax information exchange. In this context the bill approves modifications
to the existing fiscal agreements in place with San Marino, Japan, Sweden,
Portugal, and Hong Kong Special Administrative Region.
The bill also responds to the government’s commitment to extending its
network of DTAs to increase the competitiveness of Luxembourg. As a result,
the text approves the tax treaties with Barbados and Panama.
Members of the government also approved the bill supplementing the modified
law of February 12, 1979 (la loi modifiée du 12 février 1979)
concerning value-added tax (VAT).
The bill implements the decision taken by the governing council in July 2010
to establish in the Grand Duchy a free zone for storing valuable goods. The
introduction of free zones is set within the context of measures necessary for
the development of the country as a logistics site.
The bill introduces a particular system of suspending VAT in accordance with
directive 2006/112/CE providing for exemptions relating to operations realized
in, for example, customs depots and other such depots. The system grants exemption
from VAT, excise and customs duties for goods stored, sold or serviced in a
specific location.
.
|
|
|
|
| THE LOWTAX LIBRARY
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
FREE TRIAL NEWS SUBSCRIPTION
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
|
|
 |
|
LAWANDTAX-NEWS.COM
