The Luxembourg tax authorities (“Administration des Contributions Directes” or “ACD”) issued, on 25 April 2017, a newsletter announcing the availability of the Common Reporting Standard (CRS) testing and production platforms for Luxembourg reporting financial institutions.
The Luxembourg tax authorities have issued a newsletter focusing on the Common Reporting Standard (“CRS”, also known as “Norme commune de déclaration” or “NCD”) reporting platform for Luxembourg reporting financial institutions.
The tax authorities have now made a testing and production platform available on their website.
In order to use this platform, Luxembourg financial institutions will need to go through one of the two following secured channels:
Alternatively, Luxembourg financial institutions can of course use the services of an external service provider such as KPMG Luxembourg.
The Circular ECHA n°4 describes the requirements which should be used by Luxembourg reporting financial institutions for the application of the CRS.
For further information, please do not hesitate to contact us.
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