Details of the amending protocol to the Luxembourg - Romania Income and Capital Tax Treaty (1993), signed on 4 October 2011, have become available. The treaty was concluded in the French and Romanian languages, each text having equal authenticity.
The protocol provides for a new provision on exchange of information. Paragraph 2 of the new article 26 addresses privacy, noting that exchanged information may be disclosed only to bodies (including courts and administrative bodies) involved in …