Luxembourg: Protocol to the Double Tax Treaty with Russia has entered into force

Executive summary

On 5 March 2021, the Protocol to the Double Tax Treaty between Luxembourg and Russia (Treaty) entered into force and is effective for tax years beginning on or after 1 January 2022.

Following a change in Russia’s tax treaty policy regarding withholding taxes on dividends and interest, the Protocol was negotiated upon request by Russia, which initiated similar amendments to double tax treaties with Cyprus, Malta and the Netherlands, with the aim to generally increase withholding t…