NEW UK-LUXEMBOURG TAX TREATY IN FORCE SOON!
This newsflash is generously provided to you by the member Firms of the BCC Tax Group
Dear Member of the Chamber:
As you may know, the current tax treaty between the United Kingdom and Luxembourg was signed in London in May 1967 (before the UK joined the EEC) and was amended several times over the years. A new UK-Luxembourg tax treaty was concluded in June 2022 (after the UK left the EU) and will enter into force in 2024.
The main reasons for an overhaul of the existing tax treaty include the UK’s withdrawal of the European Union (Brexit) and the evolution of tax standards put forward by the OECD and the BEPS project in recent years.
What you need to know
The new treaty is largely based on the OECD Model Tax Convention and contains the highest international tax standards on tax transparency. The new treaty does introduce some significant changes relative to the current treaty, including but not limited to:
The favourable zero-rate Luxembourg withholding tax on dividends to UK recipients, should provide for substantial new investment opportunities between the UK and Luxembourg.
For more information on the new UK-Luxembourg tax treaty, please visit:
Please note: The information and opinions contained herein are for information purposes only. They do not constitute any form of legal or tax advice and should not be relied on or treated as a substitute for specific advice relevant to particular circumstances and is not intended to be relied upon in making (or refraining from making) any specific decisions.
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The British Chamber of Commerce for Luxembourg is pleased to share with you the launch of the 15th British & Irish Film Festival Luxembourg 2024 Spring Edition taking place from 18–23 March. The 2024 SPRING EDITION includes 13 feature-length films and five short films from a cross-section of genres and representing mainly independent cinema, providing a unique opportunity for viewers to experience a wide selection of new films from Britain and Ireland. Please read more for information on the full programme and ticketing.
The British Chamber of Conmerce is delighted to share with our members an exclusive event hosted by the Optimsits Cricket Clucb. On Saturday 02 March the Optimists will be hosting their annual awards dinner at Hotel Parc-Belair with special guest, England cricketing legend, Monty Panesar. Tickets are €75 each and include aperitifs, wine at the table and a three course meal. Monty will host a Q&A and also share a few stories of his time as an England cricketer. Everyone is welcome to join. Read more to book your place at this exclusive event
The Luxembourg Film Festival 2024 edition will take place from 29 February - 10 March 2024. In addition to their general programme we would also like to draw your attention to several British Productions and co-productions. You can find the full agenda and ticketing information HERE.