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Aki Corsoni-Husain
Aki Corsoni-Husain
  • Aki Corsoni-Husain

  • Partner
  • Cyprus
George Apostolou
George Apostolou
  • George Apostolou

  • Partner
  • Cyprus
Chiara Deceglie
Chiara Deceglie
  • Chiara Deceglie

  • Partner
  • Luxembourg
Massimiliano della Zonca
Massimiliano della Zonca
  • Massimiliano della Zonca

  • Senior Associate
  • Luxembourg
Philip Graham
Philip Graham
  • Philip Graham

  • Partner
  • British Virgin Islands
Ayana Hull
Ayana Hull
  • Ayana Hull

  • Counsel
  • British Virgin Islands
Katerina Katsiami
Katerina Katsiami
  • Katerina Katsiami

  • Associate
  • Cyprus
Petros Kiteos
Petros Kiteos
  • Petros Kiteos

  • Associate
  • Cyprus
Andrew Knight
Andrew Knight
  • Andrew Knight

  • Partner
  • Luxembourg
Joshua Mangeot
Joshua Mangeot
  • Joshua Mangeot

  • Counsel
  • British Virgin Islands
Mirza Manraj
Mirza Manraj
  • Mirza Manraj

  • Counsel
  • Hong Kong
Elina Mantrali
Mirza Manraj
  • Elina Mantrali

  • Associate
  • Cyprus
Vanessa Molloy
Vanessa Molloy
  • Vanessa Molloy

  • Partner
  • Luxembourg
Andrea Moundi Savvides
Andrea Moundi Savvides
  • Andrea Moundi Savvides

  • Consultant
  • Cyprus
Marina Stavrou
Marina Stavrou
  • Marina Stavrou

  • Associate
  • Cyprus
Matt Taber
Matt Taber
  • Matt Taber

  • Partner
  • Cayman Islands
Carolynn Vivian
Carolynn Vivian
  • Carolynn Vivian

  • Senior Associate
  • Cayman Islands

US-Luxembourg Protocol amending the US-Luxembourg Double Tax Treaty has been ratified

On 9 September 2019, the Luxembourg Ministry of Finance and the US Embassy in Luxembourg announced that the ratification of the 2009 Protocol amending the US-Luxembourg Double Tax Treaty has been completed, thus bringing the Protocol into force.

The Protocol replaces article 28, on the exchange of information, of the existing US-Luxembourg Double Tax Treaty with one that follows the approach of the US and the OECD model tax treaties. A new provision is introduced under which a party may not decline to provide information solely because that information is held by banks, financial institutions, nominees, or persons acting in a nominee or fiduciary capacity or because it relates to ownership interests in a person.

The provisions of the protocol are complementary to the FATCA legislation relating to the exchange of information held by financial institutions as in force in Luxembourg.

The Protocol will become effective for requests for information made on or after the date of entry into force for tax years on or after 1 January 2009.

Please find the official announcements here and here.