Luxembourg and U.S. amend their DTA

On 9 September 2019, the Minister of Finance of Luxembourg and the U.S. Ambassador to Luxembourg announced that the ratification procedures of the Protocol amending the Double Taxation Convention have been completed. The protocol entered into force on the same day (Link).

The Embassy states that the provisions of the Protocol, which allow for information held by financial institutions to be exchanged on request between Luxembourg and the United States of America are complementary to the Intergovernmental Agreement on the Foreign Account Tax Compliance Act (“FATCA”).

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