Law of 25 November 2014 on the procedure applicable to the
exchange of tax information upon request
The law applies to information requested by another State under
a bilateral agreement, relevant European Directives as implemented
in Luxembourg or the Multilateral Convention on Mutual
Administrative Assistance in Tax Matters, and amends the Law dated
31 March 2010 governing the matter. The purpose of the law is
primarily to ensure a more effective exchange of information
(including banking information) and to address critics made in this
respect at the level of the Global Forum on Transparency and
Exchange of Information for Tax purposes.
The first main impact of the law is that the Luxembourg tax
administration will have a more passive role than in the past.
Pursuant to the new procedure, the tax administration will now only
check the formal validity of an information request. Furthermore,
if so requested by the foreign State, the Luxembourg tax
administration
