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The DAC 6 Bill requires certain intermediaries to report to their tax authorities cross-border arrangements that contain at least one of the hallmarks laid down in the DAC 6.
On 8 August 2019, the Luxembourg government filed Bill of law No
7465 (''DAC 6 Bill'') implementing the provisions
of the Council Directive (EU) 2018/822 (the "Directive"),
commonly called DAC 6.
The DAC 6 Bill requires certain intermediaries to report to
their tax authorities cross-border arrangements that contain at
least one of the hallmarks laid down in the DAC 6. First reporting
should be made by 31 August 2020 regarding reportable cross-border
arrangements for which the first step was implemented between 25
June 2018 and 30 June 2020.
This newsflash summarises the reporting obligations introduced
by the DAC 6 Bill which will be applicable to Luxembourg
intermediaries. Please click on the link below to read the entire
Newsflash.
Identification of the persons subject to the reporting
obligations
Identification of a cross-border reportable arrangement
Information to be reported
Reporting process
Penalties
Our concluding remarks
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.