L-R: Samuel Otsile Outlule, Ambassador of the Republic of Botswana; Pierre Gramegna, Luxembourg Minister of Finance; Credit: MFIN

Luxembourg Minister of Finance Pierre Gramegna and his excellency the Ambassador of the Republic of Botswana Samuel Otsile Outlule today signed a fiscal agreement between the two countries.

The new agreement between the Government of the Grand Duchy of Luxembourg and the Government of the Republic of Botswana aims to eliminate double taxation with respect to taxes on income and wealth and prevent tax evasion and fiscal fraud. It contains the standards for tax treaties resulting from the BEPS Action Plan, thus taking into account the commitments made by Luxembourg and the Republic of Botswana on these tax treaties. In addition, it provides for a provision for the exchange of information. 

Through this agreement, Luxembourg continues to update its network of double taxation agreements in line with the new BEPS rules developed at the OECD level.