Tax treaty news

Argentina

On 13 April 2019, Luxembourg signed a new tax treaty with Argentina which aims to eliminate double taxation with respect to taxes on income and wealth and prevent tax evasion and fiscal fraud (“DTT”). The DTT contains the minimum standards provided for in the BEPS Action Plan and a provision for the exchange of information.

Through this agreement, Luxembourg continues to update its network of double taxation treaties in line with the anti-BEPS rules developed at OECD level.

Ghana

Luxembourg and Ghana have initiated a tax treaty on 10 April 2019 which aims to eliminate double taxation with respect to taxes on income and wealth and prevent tax evasion and fiscal fraud.