It has entered into force on May 18th,  2012 the Protocol and the Additional Protocol amending the Convention between Portugal and Luxembourg for the avoidance of double taxation and the Prevention of Fiscal Evasion with respect to income and wealth taxes. 

The changes produced, comply with the rules of the exchange of information between the competent authorities of Portugal and Luxembourg.

The Convention applies to the following taxes in Luxembourg: individual income tax, corporate income tax, excise duty rates, wealth tax, municipal business tax and property tax.

For Portugal, the Convention applies to the following taxes: individual income tax, corporate income tax, municipal surcharge (derrama) and municipal tax on real estate.

The Protocol and Additional Protocol shall apply to fiscal years beginning on or after January 1, 2013.