The new protocol updates the exchange of information from the existing double taxation convention to adapt it to current OECD standards. In June 2008, it was announced that the governments of India and Luxembourg have signed an agreement to avoid double taxation and prevent tax evasion on income and capital taxes. Luxembourg and Finland signed a protocol in July 2009 amending the Treaty of 1 March 1982 between Finland and the Grand Duchy to avoid double taxation and prevent tax evasion on income and capital taxes. The agreement to avoid double taxation between India and Sri Lanka was amended on Wednesday, according to an official press release. On 27 July 2009, the Principality of Monaco signed an agreement with Luxembourg to avoid double taxation and tax evasion. On 28 April 2009, Luc Frieden, Luxembourg`s finance minister, announced that Luxembourg had agreed on the details of an agreement with the United States to amend the 1996 double taxation treaty. This agreement allows the exchange of tax information between the tax authorities at the request of certain cases identified in accordance with the agreement. The agreement contains provisions for the exchange of tax information between tax authorities in both countries, in line with the OECD standard. The agreement lays the groundwork for the tax allocation rights of businesses and trade by businesses and individuals in the countries concerned, and the parties hope that it will facilitate enhanced cooperation in several areas, including the fight against money laundering, terrorist financing and corruption. This agreement was the first since Luxembourg announced OECD standards for information exchange on 13 March 2009. As the region`s financial hub, it has come under considerable pressure, particularly from its neighbours, Germany and France, to meet these standards.
A new double taxation agreement was signed with Germany on 23 April 2012. The new agreement complies with OECD standards and replaces the current treaty, signed in 1958.