On 6 July 2020, Bill No. 7625 was submitted in the Luxembourg parliament to provide for the deferral of the initial deadlines for the reporting of cross-border arrangements (DAC6). This includes:
The Bill also extends the CRS and FATCA reporting deadlines to 30 September 2020 in respect of information relating to the 2019 calendar year.
The Bill will enter into force after it is approved and published in the Official Gazette, although the deferral measures will apply from 30 June 2020.
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