Details

  • Type: Publication series
  • Date: 4/16/2013

Luxembourg – Changes Planned for Information Exchange, 10-Percent Withholding Tax 

KPMG in Luxembourg reports that the prime minster has announced plans to review the transitional rules that exist currently in Luxembourg in respect of automatic exchange of information and withholding tax with a view to introducing the automatic exchange of information for all interest payments made by Luxembourg financial institutions to individuals resident in another European Union (EU) member state (within the scope of the 2003 EU Savings Directive). For individuals resident in Luxembourg, the current 10-percent withholding tax regime applicable to interest on savings received from a Luxembourg financial institution remains applicable.
 

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