Text of a bill to transpose an EU Directive on administrative cooperation in the field of taxation (DAC 6)—also known as the EU Directive implementing mandatory disclosure rules for intermediaries—has been provided by the Chamber of Deputies.
Under the DAC 6, there is a new obligation for EU intermediaries (and taxpayers in some instances) to disclose certain cross-border arrangements to local tax authorities with that information then being shared with other EU tax authorities. Luxembourg’s directive-implementation process is on schedule, given that the EU Member States must transpose the DAC 6 into their domestic legislation before 31 December 2019.
The legislative language of the bill is substantially similar to the text of the DAC 6; however, the directive allows some leeway for EU Member States to transpose some of its provisions, and the bill includes a few Luxembourg-specific elements such as:
The bill is now pending the legislative process in Luxembourg.
Read an August 2019 report prepared by the KPMG member firm in Luxembourg
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