Foreign tax relief
Foreign income received by residents that is subject to a tax equivalent to Luxembourg income tax and is not exempted by a DTT is granted a tax credit; any non-imputable tax in excess is deductible as a tax-deductible expense.
Luxembourg has signed 82 DTTs, most of which include provisions of article 26.5 of the Organisation for Economic and Co-operation Development (OECD) model agreement on exchange of information between tax authorities.
Luxembourg is part of the European Union (EU) Regulations 1408/71 and 883/2004 (as amended) governing coordination of social security systems. In addition, Luxembourg has entered into 39 social security bilateral agreements.
Countries with which Luxembourg currently has DTTs:
|Andorra||Ireland, Republic of||Russia|
|Armenia||Isle of Man||San Marino|
|Brazil||Korea, Republic of||Slovak Republic|
|China, People's Republic of||Lithuania||Sri Lanka|
|France||Moldova||Trinidad and Tobago|
|Guernsey||Norway||United Arab Emirates|
|Hong Kong||Panama, Republic of||United Kingdom|
|Hungary||Poland||United States of America|