On 8 August 2019, the Luxembourg Government tabled a new Bill of
Law N° 7465 (the "Bill") before the
Luxembourg Parliament (Chambre des députés)
implementing the so-called "DAC6" (EU Directive 2018/822
amending Directive 2011/16/EU as regards mandatory automatic
exchange of information in the field of taxation in relation to
reportable cross-border arrangements) into Luxembourg domestic
law.
DAC6 requires EU "intermediaries" (or taxpayers) to
report cross-border arrangements that strongly present a risk of
tax avoidance or abuse.
Please find below a summary of the main provisions of the Bill
which generally adopts the wording of DAC6.
- WHAT must be
reported?
- The following arrangement are
considered as Reportable Arrangements:
