On 23 December 2016, Luxembourg passed the country-by-country reporting law (the Law of 23 December 2016 transposing the EU Directive 2016/881 of 25 May 2016 of the Council modifying Directive 2011/16/EU Directive with respect to the automatic and compulsory exchange of information in the tax field with respect to country-by-country reporting for multinational companies).
The Luxembourg tax authorities have exceptionally extended, to 31 March 2017, the deadline for first notifications to them of whether a Luxembourg group entity is a group’s ultimate parent entity, the surrogate parent entity or the constituting entity which will be the entity carrying out the country-by-country reporting.
For further information on this topic, please see our previous elexica article Luxembourg to implement Country-by-Country reporting.
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