Sri Lanka and Luxemburg to avoid double taxation

Feb 02, 2013 (LBO) – Sri Lanka and Luxemburg has signed an agreement to avoid double taxation, the island’s embassy in Brussels said. The agreement will help investments in tourism, business process outsourcing and financial services, which have potential, the embassy said.

The deal was signed by the head of Sri Lanka’s mission to the European Union P M Amza, and Luc Frienden, Luxemburg’s finance minister.

In 1982 the countries had signed an investment promotion and protection agreement which would also help trade and business activities ambassador Amza was quoted as saying.

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