Luxembourg: Filing deadlines for FATCA, CRS returns to be postponed

Luxembourg: Filing deadlines for FATCA, CRS returns

A bill filed on 6 July 2020 with the Luxembourg Chamber of Deputies would postpone the tax reporting deadlines under the FATCA and common reporting standard (CRS) regimes.

1000

Related content

The bill (number 7625) follows the adoption by the Council of the European Union on 24 June 2020 of an amendment to the Directive on Administrative Cooperation (DAC), to give EU Member States the option to defer the time limits for automatic exchanges of information under CRS (DAC 2) and for filing and exchanging information under DAC 6.

The Luxembourg government already announced its intention to opt for the deferral on 4 June 2020.


Read a July 2020 report prepared by the KPMG member firm in Luxembourg

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. 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 endeavor 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. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal