On 9 August 2019, the Luxembourg Parliament publicly released the bill of law 7465 implementing the European Union (EU) Directive 2018/822 of 25 May 2018 on mandatory disclosure requirements for intermediaries (DAC6 or the "Directive").

These new provisions, applicable only to direct taxes, will require intermediaries and, in certain situations, the taxpayer itself to report information on cross-border arrangements to the extent these arrangements fall under at least one of the hallmarks further detailed below. The bill will have effect as of 1 July 2020, and the first reporting period will cover arrangements implemented between 25 June 2018 and 30 June 2020 (i.e., retrospective effect as to the period covered).

Explore More Insight