The amending protocol to the 1993 income and capital tax treaty between Luxembourg and Romania entered into force on 22 November 2023. The protocol, signed 6 December 2022, is the second to amend the treaty and provides for the replacement of Article 25 (Methods for Elimination of Double Taxation). The protocol applies from 1 January 2024. With respect to Luxembourg, the methods for the elimination of double taxation are generally unchanged, but a provision is added that Luxembourg's general exemption for income that may be taxed in Romania will not apply where Romania applies the provisions of the treaty to...