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May' 2015 | Archive | Blog

Second protocol to the Luxembourg-UAE income tax treaty

2015-05-20

A second protocol to the Income Tax Convention between Luxembourg and the United Arab Emirates (UAE) has been recently approved by the UAE cabinet. The protocol has been approved by Luxembourg and signed by its Council of Ministers and has been sent to the Parliament to receive a final approval. The protocol offers reciprocal advantages for investors in Luxembourg and the United Arab Emirates and it also deals with information exchange issues.

A new temporary tax on income

2015-05-06

The year 2015 has brought some changes to the taxation of individuals in Luxembourg. A new temporary tax for the budget balance will apply starting this year and changes are also forecasted for the Luxembourg social security code. The new tax aims at improving the financial budget for childcare. Our lawyers in Luxembourg can help you understand how the tax on income applies and how it influences you and your business in Luxembourg.