DAC 6 Luxembourg Law now voted
The Luxembourg Parliament voted to approve the Bill (n°7465) implementing the Directive (EU) 2018/822 on mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements (“DAC 6”).
DAC 6 Law will apply as from 1 July 2020. The first reportable transactions will however be those whose first implementation step occurred or occurs between 25 June 2018 and 1 July 2020. The relevant information will then have to be reported to the Luxembourg tax authorities by 31 August 2020.