Tax Treaty between Brunei and Luxembourg has Entered into Force

The income and capital tax treaty between Brunei and Luxembourg entered into force on 26 January 2017. The treaty, signed 14 July 2015, is the first of its kind between the two countries.

Taxes Covered

The treaty covers Brunei income tax imposed under the Income Tax Act and petroleum profits tax imposed under the Income Tax (Petroleum) Act. It covers Luxembourg individual income tax, corporation tax, capital tax, and communal trade tax.

Withholding Tax Rates

• Dividends - 0% if the benefi…