📈 SL-Luxembourg DTA Amendment Approved by Cabinet

• The Cabinet of Ministers approved the signing of a protocol to amend the existing Double Taxation Agreement (DTA) with Luxembourg. • The primary goal of the amendment is to ensure full compliance with the minimum standards of the G20–OECD Base Erosion and Profit Shifting (BEPS) Project. • Both Sri Lanka and Luxembourg are members of the BEPS Inclusive Framework, necessitating these revisions to the original 2013 DTA. • The proposal, submitted by the President as Finance Minister, allows the countries to proceed with signing the cleared amended protocol in due course. 🇱🇰🤝🇱🇺