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The Isle of Man Publishes Synthesized Text of Tax Treaty with Luxembourg as Impacted by the BEPS MLI — Orbitax Tax News & Alerts

The Isle of Man Government has published the synthesized text of the 2013 income and capital tax treaty with Luxembourg as impacted by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). The synthesized text was prepared on the basis of the reservations and notifications submitted to the Depositary by the respective countries. The authentic legal texts of the treaty and the MLI take precedence and remain the legal texts applicable.

The MLI applies for the 2013 Isle of Man-Luxembourg tax treaty:

  • with respect to taxes withheld at source on amounts paid or credited to non-residents, where the event giving rise to such taxes occurs on or after 1 January 2020; and
  • with respect to all other taxes levied by the Contracting States, for taxes levied with respect to taxable periods beginning on or after 1 February 2020.

Click the following link for the Isle of Man Government's Double Taxation Agreements webpage, which includes the MLI synthesized texts.