On 7 June 2022, Luxembourg and the United Kingdom signed a new double tax treaty ("Treaty"). The treaty is a general modernisation of the treaty signed in 1967, to take account of Brexit and changes to international tax standards as a result of the OECD's work on base erosion and profit shifting ("BEPS").
A draft bill to approve the Treaty was tabled on 24 February 2023 with the first provisions of the Treaty coming into force on 1 January 2024.
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