On 1 July 2014, Luxembourg's Grand Duke Henri signed the law ratifying the pending income and capital tax treaty with Guernsey. The treaty was signed 10 May 2013, and is the first of its kind between the two jurisdictions.
Taxes Covered
The treaty covers Guernsey income tax, and Luxembourg individual income tax, corporation tax, capital tax and the communal trade tax.
Withholding Tax Rates
- Dividends - 5% if the beneficial owner is a company directly holding at least 10% of the paying…