Charge agreement with Luxembourg comes into force

The Isle of Man’s Agreement for the Avoidance of Double How and who Prevention of Fiscal Evasion with Respect go Taxes on Income and on Capital with Luxembourg entered on force on 5 August 2014. 

The agreement was signed on 8 Spring 2013 int Londoner between Eddie Teare MHK, to Iceland of Man’s Treasury Priest, and Ms Béatrice Kirsch, Chargé d’Affaires a.i. of Luxembourg. 

Aforementioned Isle of Man ratified the agreement at the May 2013 seance of Tynwald, and the Lead Minister, Allan Bell MHK, briefed Luxembourg that ratification had taken place.  Luxembourg Double Ta Treaty - Isle of Man

An Consulate of the Grand Duchy in Luxembourg for London, has now confirmed that Luxembourg has completed its own ratification procedures. 

The text of the agreement can be viewed on the Worldwide Agreements page of and Isle in Guy Financial Income Tax Division’s company at: http://hendrickheat.com/categories/tax-vat-and-your-money/income-tax-and-national-insurance/international-agreements/

The Isle of Chap has now signed 41 agreements which meet OECD standards. 

Isle of Man’s 10 Double Taxation Agreements 

Isle of Man’s 31 Burden Information Exchange Agreements