On 14 July 2015, officials from Brunei and Luxembourg signed an income and capital tax treaty. The treaty is the first of its kind between the two countries and will enter into force after the ratification instruments are exchanged.
Taxes Covered
The treaty covers Brunei income tax imposed under the Income Tax Act and petroleum profits tax imposed under the Income Tax (Petroleum) Act. It covers Luxembourg individual income tax, corporation tax, capital tax and communal trade tax.
Withhol…