An agreement signed by Taiwan and Luxembourg on avoiding double taxation and preventing tax evasion was approved by the European country’s parliament on Wednesday and is to take effect on the first day of next year, the Ministry of Foreign Affairs (MOFA) said.
The agreement was signed by the Ministry of Finance’s Taxation Agency and Luxembourg’s Direct Tax Administration on Dec. 19, 2011 and is to go into force on Jan. 1 next year, the foreign affairs ministry said in a statement.
According to the Benelux country’s regulations, after being approved by the parliament, the pact will now be submitted to Grand Duke of Luxembourg Henri to obtain his signature before it is promulgated, the statement said, adding that all domestic legal procedures related to the deal have been completed.
This is the 27th comprehensive agreement regarding double taxation avoidance concluded that nation has signed with its trading partners and the 12th such treaty it has signed with a European power.
The pact with Luxembourg is expected to create an environment that ensures tax fairness in the two signatory countries, making them more friendly to bilateral investment.
It is also expected to help expand bilateral trade contacts and technical exchanges, strengthen taxation cooperation and create jobs, the foreign affairs ministry said, calling it an important landmark in the development of substantive relations between the two countries.
The foreign affairs ministry said it will stick to the principle of “flexible diplomacy” in advancing the nation’s economic and trade development, while continuing to create an environment favorable for local business to develop and for foreign enterprises to invest in Taiwan.
According to the Bureau of Foreign Trade, trade between Taiwan and Luxembourg totaled US$33.98 million last year.
A group of Taiwanese-American and Tibetan-American students at Harvard University on Saturday disrupted Chinese Ambassador to the US Xie Feng’s (謝鋒) speech at the school, accusing him of being responsible for numerous human rights violations. Four students — two Taiwanese Americans and two from Tibet — held up banners inside a conference hall where Xie was delivering a speech at the opening ceremony of the Harvard Kennedy School China Conference 2024. In a video clip provided by the Coalition of Students Resisting the CCP (Chinese Communist Party), Taiwanese-American Cosette Wu (吳亭樺) and Tibetan-American Tsering Yangchen are seen holding banners that together read:
UNAWARE: Many people sit for long hours every day and eat unhealthy foods, putting them at greater risk of developing one of the ‘three highs,’ an expert said More than 30 percent of adults aged 40 or older who underwent a government-funded health exam were unaware they had at least one of the “three highs” — high blood pressure, high blood lipids or high blood sugar, the Health Promotion Administration (HPA) said yesterday. Among adults aged 40 or older who said they did not have any of the “three highs” before taking the health exam, more than 30 percent were found to have at least one of them, Adult Preventive Health Examination Service data from 2022 showed. People with long-term medical conditions such as hypertension or diabetes usually do not
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Heat advisories were in effect for nine administrative regions yesterday afternoon as warm southwesterly winds pushed temperatures above 38°C in parts of southern Taiwan, the Central Weather Administration (CWA) said. As of 3:30pm yesterday, Tainan’s Yujing District (玉井) had recorded the day’s highest temperature of 39.7°C, though the measurement will not be included in Taiwan’s official heat records since Yujing is an automatic rather than manually operated weather station, the CWA said. Highs recorded in other areas were 38.7°C in Kaohsiung’s Neimen District (內門), 38.2°C in Chiayi City and 38.1°C in Pingtung’s Sandimen Township (三地門), CWA data showed. The spell of scorching