23 August 2018

Luxembourg-Senegal double tax treaty enters into force

The Double Tax Treaty (Treaty) between Luxembourg and Senegal entered into force on June 14 and its provisions will apply from January 1, 2019. With this new Treaty, Senegal becomes the fourth African country with which Luxembourg reinforces its economic relationship. This Treaty reflects the latest international standards in terms of avoidance of double non-taxation and exchange of information and fully takes into consideration the Base Erosion and Profit Shifting (BEPS) recommendations of the Organisation for Economic Co-operation and Development (OECD).

A Global Tax Alert, attached below, provides additional details.

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ATTACHMENT

Document ID: 2018-1677