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The recent changes to the double tax treaty between Luxembourg and Russia were made in 2011 and provide a reduction of some tax rates as well as an introduction of the new rules on information exchange. Those changes were called, on one hand, to improve the investment climate between the two countries and, on the other hand, to make a step towards the transparency of investments. We further discuss the changes and their possible impact on Luxembourg-Russia investments. In particular we will discuss whether Luxembourg is capable of keeping or even strengthening its position as a safe harbor for investments originated from Russia, and what are the advantages of Luxembourg against its biggest competitors in a fight for the Russian capitals.
The double tax treaty between...
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