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Foreign travel advice Indonesia
FCDO advises against all travel to parts of Indonesia.
Foreign travel advice Romania
Warnings and insurance Still current at: 24 April 2024 Updated: 23 April 2024 Latest update: Information related to drug offences and Romanian music festivals (under 'Laws and cultural differences' subheading on the 'Safety and security' page).
Foreign travel advice The Gambia
Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Ferry services between Banjul and Barra have been suspended until further notice; The Islamic Summit of the OIC (Organisation of Islamic Cooperation) will be held in Banjul on 4-5 May; road closures and delays at Banjul International Airport ('Safety and security' page).
Foreign travel advice China
Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Updated information on flooding (‘Safety and security’ page).
Guidance Living in South Korea
Information for British citizens moving to or living in South Korea, including guidance on residency, healthcare, driving and more.
Luxembourg ratifies Double Tax Treaty with Cyprus
As per a relevant publication in the Journal Officiel du Grand-Duché de Luxembourg, Luxembourg ratified the Double Tax Treaty (DTT) with Cyprus on 17 April 2018.
The treaty, which is based on the OECD Model Tax Convention with some modifications, was signed on 8 May 2017.
In the case of Cyprus it applies on corporate and personal income tax, special contribution for defence and on the capital gains tax. For Luxembourg it covers the Cyprus Taxation Services">corporate and personal income tax, the capital tax and the communal trade tax.
The following withholding tax rates are provided by the DTT:
- Dividends: 0% in case there is a participation of at least 10% and 5% in all other cases
- Interest: 0%
- Royalties: 0% as long as the recipient of the royalties is the beneficial owner of the income
Gains from the sale of shares of immovable property rich companies are taxed in the country where the immovable property is located.
The treaty will come in to effect on the 1st of January of the year following the year in which it is ratified by both parties.