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Romanian Senate Approves Pending Protocol to Tax Treaty with Luxembourg

|Treaty Development|Romania-Luxembourg
Romania-Luxembourg

On 18 October 2023, the Romanian Senate (upper house of parliament) approved the ratification of the pending protocol to the 1993 income and capital tax treaty with Luxembourg. The protocol, signed 6 December 2022, is the second to amend the treaty and includes the replacement of Article 25 (Methods for Elimination of Double Taxation). The main change concerns the method applied by Romania for …

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