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The new UK/Luxembourg Double Taxation Convention and Protocol documents were signed on 7 June 2022, although the new treaty has not yet entered into force.
After the Contracting States notify each other in writing that the procedures required by their respective laws for the entry into force of the treaty have been satisfied, the treaty shall enter into force on the date of receipt of the later notification. There has been a significant update in the language and terminology in the new treaty along with a number of substantive changes including:
Article 4: Resident
The article has been revised to include recognised pension schemes. The tie-breaker provision has similarly been aligned with the OECD model convention,...
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