DTT Agreement with Luxembourg

UniCredit Bank Czech Republic and Slovakia,a.s.
Summary: 
DTT Agreement between the Czech Republic and Luxembourg entered into force
Thu, 28/08/2014

Dear Client,

The Ministry of Finance announced that DTT (Double Taxation Treaty) Agreement between the Czech Republic and Luxembourg came into force. This DTT Agreement concerning the prevention of fiscal evasion with respect to taxes on income and capital was signed in Brussels on 5 March 2013.

The provisions of this Agreement shall be applied as follows:

  • with respect to taxes withheld at source, to income paid or credited on 1 January 2015 or later;
  • with respect to other taxes on income and taxes on property, on income or on assets for any taxable year starting from 1 January 2015 or later.

The Treaty between the Government of the Czech and Slovak Federal Republic and the Grand Duchy of Luxembourg for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income and capital, which was signed in Luxembourg on 18 March 1991 shall cease to be in force in the Czech Republic and Luxembourg starting from 1 January 2015.

The text of the new international tax treaty will be published in the Collection of International Treaties as soon as it becomes available.

Impact on investors: DTT Agreement between the Czech Republic and Luxembourg will improve the exchange of information between tax authorities in both countries.

Related Newsflash: New DTT between Luxembourg and Czech Republic