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FATCA & CRS Alert 2020-01

FATCA & CRS Alert 2020-01

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Luxembourg publishes new CRS lists of Participating Jurisdictions and Reportable Jurisdictions

Luxembourg has published an updated list of Participating Jurisdictions and Reportable Jurisdictions for 2019 reporting. The updates were issued in a Grand-Ducal Decree dated 24 January 2020 and published in the Official Journal of the Grand-Duchy of Luxembourg on 27 January 2020.

 

The changes are as follows:

  • The list of Participating Jurisdictions has been extended to cover Dominica, Morocco and Oman.
  • The list of Reportable Jurisdictions now includes Albania, Dominica, Ecuador, Kazakhstan, Liberia and Oman.

 

Read the Grand-Ducal Decree

 

Please note: the deadline for 2019 reporting is 30 June 2020. 

Any tax advice in this communication is not intended or written by KPMG to be used, and cannot be used, by a client or any other person or entity for the purpose of (i) avoiding penalties that may be imposed on any taxpayer or (ii) promoting, marketing, or recommending to another party any matters addressed herein.The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

© 2020 KPMG Luxembourg, Société coopérative, a Luxembourg entity and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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