• Service: Tax, Global Mobility Services, International Tax
  • Type: Regulatory update
  • Date: 12/18/2013

Luxembourg - Automatic exchange of tax information 

December 18:  Legislation transposing an EU directive for the automatic cooperation in taxation into Luxembourg tax law is scheduled to provide for the first automatic exchange of information to occur in 2015 with respect to information concerning 2014.

The law transposing the first part of the EU directive in Luxembourg law was adopted by the Parliament in March 2013. That law clarifies the procedures applicable to exchange of information upon request within the EU, and introduces a mandatory procedure of spontaneous exchange of information in some specific situations.

A bill submitted to the Parliament by the former government in October 2013 aims at amending the March 2013 law by transposing the second part of the EU directive into Luxembourg tax law and introduces an automatic exchange of information on certain income streams. That bill concerns income from employment, director’s fees, and pensions; it does not address additional items of income (e.g., dividends and capital gains) in what has been referred to as “EU FATCA.”

Read a December 2013 report [PDF 157 KB] prepared by the KPMG member firm in Luxembourg: Automatic Exchange of information

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