OrbitaxSpanish withholding tax creditable against Luxembourg municipal business tax Luxembourg-Spain treaty
|Treaty Development|Luxembourg-Spain
On 11 July 2005, the Luxembourg Administrative Court (Tribunal administratif du Grand-Duch Luxembourg) decided two joined cases (Nos. 18793 and 19298) on the credit of foreign withholding tax against Luxembourg municipal business tax.
(a) Facts. The taxpayer was a Luxembourg company (X S.A.), which in 1998 received interest from Spanish sources. Based on Art. 24(1)(b) of the Luxembourg-Spain…
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