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Aki Corsoni-Husain
Aki Corsoni-Husain
  • Aki Corsoni-Husain

  • Partner
  • Cyprus
George Apostolou
George Apostolou
  • George Apostolou

  • Partner
  • Cyprus
Jermaine Case
Jermaine Case
  • Jermaine Case

  • Associate
  • British Virgin Islands
Chiara Deceglie
Chiara Deceglie
  • Chiara Deceglie

  • Partner
  • Luxembourg
Massimiliano della Zonca
Massimiliano della Zonca
  • Massimiliano della Zonca

  • Senior Associate
  • Luxembourg
Philip Graham
Philip Graham
  • Philip Graham

  • Partner
  • British Virgin Islands
Ayana Hull
Ayana Hull
  • Ayana Hull

  • Counsel
  • British Virgin Islands
Katerina Katsiami
Katerina Katsiami
  • Katerina Katsiami

  • Associate
  • Cyprus
Petros Kiteos
Petros Kiteos
  • Petros Kiteos

  • Associate
  • Cyprus
Andrew Knight
Andrew Knight
  • Andrew Knight

  • Partner
  • Luxembourg
Evi Koutsioumpa
Evi Koutsioumpa
  • Evi Koutsioumpa

  • Associate
  • Luxembourg
Joshua Mangeot
Joshua Mangeot
  • Joshua Mangeot

  • Counsel
  • British Virgin Islands
Mirza Manraj
Mirza Manraj
  • Mirza Manraj

  • Counsel
  • Hong Kong
Elina Mantrali
Mirza Manraj
  • Elina Mantrali

  • Associate
  • Cyprus
Vanessa Molloy
Vanessa Molloy
  • Vanessa Molloy

  • Partner
  • Luxembourg
Andrea Moundi Savvides
Andrea Moundi Savvides
  • Andrea Moundi Savvides

  • Associate
  • Cyprus
Marina Stavrou
Marina Stavrou
  • Marina Stavrou

  • Associate
  • Cyprus
Matt Taber
Matt Taber
  • Matt Taber

  • Partner
  • Cayman Islands
Carolynn Vivian
Carolynn Vivian
  • Carolynn Vivian

  • Senior Associate
  • Cayman Islands

Luxembourg passed law implementing DAC 6

On 25 March 2020, the Luxembourg Parliament passed the law implementing the EU Council Directive (EU) 2018/822 (DAC 6) on the mandatory reporting, principally by intermediaries but ultimately by taxpayers, of reportable cross border arrangements and the subsequent automatic exchange of information in relation to those arrangements between EU governments.

The final law largely follows the text of the EU Directive and, as per our previous blogpost on the draft law, with clarification that Luxembourg lawyers, chartered accountants and auditors who are involved in a reportable cross-border arrangement in that capacity will not be required to report on the basis of their obligations of professional secrecy. They will only be required to advise other intermediaries of their potential reporting obligations or, in the absence of any other intermediary, the taxpayer itself.

In the absence for the moment of an extension of the reporting deadlines due to the Corona virus situation, Luxembourg intermediaries and, in the absence of any intermediary, Luxembourg taxpayers should take steps to identify arrangements with a cross border element whose first step of implementation has occurred since 25 June 2018, assess whether they are reportable and, if so, be ready to report them as from 1 July 2020 with a deadline of 31 August 2020. As from 1 July 2020, reporting of new reportable arrangements will for the most part be due 30 days after the earlier of the reportable cross-border arrangement being ready for implementation, or the start of its implementation.

Please find our legal insight on DAC 6 here.

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