On 5 August 2014, the income and capital tax treaty between the Isle of Man and Luxembourg entered into force. The treaty was signed 8 April 2013, and is the first of its kind between the two jurisdictions
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 beneficial owner is a company directly holding at least 10% of the paying company's capi…