Photo credit: Luxembourg Neumünster und Johanneskirche by Wolfgang Staudt
On October 31 2011,both Mexico and Luxembourg amended its Tax Evasion Treaty to increase the exchange of information on any type of information and applicable for all type of taxes.
These Amendments will increase cooperation for sharing information.
Last October, Mexico approved similar Amendments for its Tax Evasion Treaty with Singapore, so it seem this will be the new standard for tax evasion policy with tax collaborative Countries of Mexico.
If you are believe this Treaty will affect you, it probably would. As always for tax matters, it is important to follow the rules and comply. As always happens, it is better to contact your tax advisor and start planning.