One-year suspension for the Amendment to France-Luxembourg double tax treaty

Arsene Taxand - Real Estate



One-year suspension for the Amendment to France-Luxembourg double tax treaty
The new France-Luxembourg double tax treaty will not be voted in time by the Parliament to enter into force in 2016. As a consequence, its effects should be postponed to January 1st, 2017.
 
To be effectively applicable as from January 1st, 2016, the ratification process needed to be finalized before the November 30th, 2015 (i.e. vote by Parliament, ratification and exchange of instruments of ratification), which is not totally unlikely.
 
Please note that a specific attention should be paid to companies which would have a fiscal year different from the calendar year.
 
* Today, Luxembourg Chamber of Deputies have voted the ratification law and an exemption from a second vote has been requested.
 
Arsene Taxand – Real Estate Tax Team
 




 
Arsene Taxand - Real Estate
One-year suspension for the Amendment to France-Luxembourg double tax treaty
19 Novembre 2015
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            [text] => The new France-Luxembourg double tax treaty will not be voted in time by the Parliament to enter into force in 2016. As a consequence, its effects should be postponed to January 1st, 2017. 
 
To be effectively applicable as from January 1st, 2016, the ratification process needed to be finalized before the November 30th, 2015 (i.e. vote by Parliament, ratification and exchange of instruments of ratification), which is not totally unlikely.
 
Please note that a specific attention should be paid to companies which would have a fiscal year different from the calendar year.
 
* Today, Luxembourg Chamber of Deputies have voted the ratification law and an exemption from a second vote has been requested.
 
Arsene Taxand – Real Estate Tax Team
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The new France-Luxembourg double tax treaty will not be voted in time by the Parliament to enter into force in 2016. As a consequence, its effects should be postponed to January 1st, 2017.
 
To be effectively applicable as from January 1st, 2016, the ratification process needed to be finalized before the November 30th, 2015 (i.e. vote by Parliament, ratification and exchange of instruments of ratification), which is not totally unlikely.
 
Please note that a specific attention should be paid to companies which would have a fiscal year different from the calendar year.
 
* Today, Luxembourg Chamber of Deputies have voted the ratification law and an exemption from a second vote has been requested.
 
Arsene Taxand – Real Estate Tax Team
 
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