Details of the amending protocol to the Luxembourg - Romania Income and Capital Tax Treaty (1993), signed on 4 October 2011, have become available. The treaty was concluded in the French and Romanian languages, each text having equal authenticity. The protocol provides for a new provision on exchange of information. Paragraph 2 of the new article 26 addresses privacy, noting that exchanged information may be disclosed only to bodies (including courts and administrative bodies) involved in the assessment, collection, enforcement or prosecution or determination of appeals in relation to the taxes covered by the treaty. Such information may additionally be...