On 1 July 2014, Luxembourg's Grand Duke Henri signed the law ratifying the pending income and capital tax treaty with the Isle of Man. The treaty was signed 8 April 2013, and is the first of its kind between the two jurisdictions. The treaty was ratified by the Isle of Man on 24 May 2013.
Taxes Covered
The treaty covers Isle of Man income tax, and Luxembourg individual income tax, corporation tax, capital tax and the communal trade tax.
Withholding Tax Rates
- Dividends - 5% if the bene…