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12 August 2016

Luxembourg introduces draft law on country-by-country reporting

The Luxembourg Government submitted draft law no. 7031 on country-by-country reporting to the Luxembourg Parliament on August 2. The draft law is in accordance with a European Union Directive of May 25 requiring all EU Member States to implement a CbC reporting obligation in their national legislation. If adopted, all Luxembourg tax resident entities that are part of a multinational group and meet certain financial thresholds will need to comply with the CbC reporting requirements for financial years starting on or after January 1, 2016.

A Tax Alert prepared by EY's Global Tax Desk Network, attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-1392

Document ID: 2016-1392

 

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