Luxembourg - Main New 2021 Tax Measures At A Glance
17 December 2020
On 17 December 2020, the Luxembourg Parliament (Chambre des Députés) approved the bills n°7666 and 7667 on the 2021 budget including certain tax measures (collectively,...
Blog: Luxembourg Blog | 23 March 2020
On 21 March 2020, the Luxembourg Parliament (Chambre des Députés) approved the bill n°7465 (the "DAC 6 Bill"), implementing the EU Directive 2018/822 of 25 May 2018 also commonly known as "DAC 6" into domestic law (the "DAC 6 Law")*.
DAC 6 aims to exchange at EU level information on arrangements, which could be considered as aggressive operations from a tax perspective.
In this context, the DAC 6 Law will require certain persons to report specific arrangements, which may be considered as harmful in the context of a fair taxation.
Whilst the DAC 6 Law will be applicable as of 1 July 2020, its consequences will have a retroactive effect as some arrangements, which took place as of 25 June 2018, may need to be reported by 31 August 2020 at the latest.
A more detailed summary of the main topics enumerated below regarding the DAC 6 Law may be found on our Hogan Lovells blog:
Since Council Directive 2011/16 of 15 February 2011 on administrative cooperation in the field of taxation ("DAC") which covered only automatic exchange of information on limited types of income, the EU has progressively extended the scope of DAC with: