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Luxembourg

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Bill for DAC6 Deferral Submitted in Luxembourg Parliament

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 standard 30-day period for reporting begins on 1 January 2021, including in respect of reportable arrangements between 1 July 2020 and 31 December 2020;
  • the deadline for reporting historical arrangements between 25 June 2018 and 30 June 2020 is extended to 28 February 2021; and
  • the deadline for the first periodic reporting on marketable arrangements is extended to 30 April 2021.

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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