On 1 July 2014, Luxembourg's Grand Duke Henri signed the law ratifying the pending income and capital tax treaty with Jersey. The treaty was signed 17 April 2013, and is the first of its kind between the two jurisdictions. The treaty was approved for ratification by Jersey on 2 July 2013. Taxes Covered The treaty covers Jersey income tax, and Luxembourg individual income tax, corporation tax, capital tax and the communal trade tax. Withholding Tax Rates Dividends - 5% if the beneficial owner is a company directly holding at least 10% of the paying company's capital, otherwise 15% Interest -...