On 27 July 2020, Luxembourg has published a law amending the reporting deadline regarding cross-border tax arrangements in Mémorial A No. 638. Therefore, the following reporting deadlines apply in Luxembourg: If the first step of an arrangement was implemented between 25 June 2018 and 30 June 2020, reporting can be made by 28 February 2021. If the first step of …
The Luxembourg Law of 18 June 2020 provides for the following amendments to the FATCA Law (Luxembourg Law of 24 July 2015) and the CRS Law (Luxembourg Law of 18 December 2015): Mandatory nil reporting: The CRS Law and the FATCA Law now expressly provide that from 1 January 2021, Luxembourg financial institutions will be …
Changes to FATCA and CRS Laws – Nil Reports Will Be Mandatory Read More »
On 19 June 2020, we informed you about the decision of the European Council to allow EU Member States to extend the reporting period for cross-border tax arrangements as defined in the DAC 6 Directive by up to six months. The following extensions of the reporting deadline have been proposed: If the first step of an …
