Last year, the countries signed an agreement to increase the tax rates, but the Grand Duchy has not adopted the necessary internal documents.
The regime was expected to start from January 1. However, since Luxembourg has not adapted its laws to the new rules, businesses will be able to apply the reduced rates at least until the end of the year.
On the part of the Russian Federation, all the necessary procedures were completed on time. On December 25, the protocol was ratified by the Federation Council. And on December 30, the document was signed by the President.