On 20 February 2020, the draft law no. 7527 was published amending the legislations related to the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS) in Luxembourg. It can be viewed here.
We have summarized the essential features of the new draft law below.
As a reminder, the reporting deadline is 30 June 2020 for the 2019 reporting year.
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