On 28 July 2023, Luxembourg's Government Council approved the ratification of the pending protocol to the 2012 income and capital tax treaty with Germany. The protocol, signed 6 July 2023, is the first to amend the treaty. Some of the main changes include the following:

• The preamble is replaced in line with BEPS standards;
• Article 1 (Persons Covered) is amended with the addition of a new parag…