Luxembourg passes country-by-country reporting law

The Luxembourg Government passes its law transposing the EU Council Directive on the mandatory automatic exchange of information in the field of taxation.

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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