Guidance—a grand-ducal regulation—amending the list of “reportable jurisdictions” was published in the official journal.
The list now includes Hong Kong and Macau. The Bahamas was removed from the list of reportable jurisdictions.
The grand-ducal regulation (French) reflects the list of reportable jurisdictions pursuant to the non-reciprocal automatic exchange relationship that Luxembourg has with other jurisdictions under the common reporting standard (CRS) regime.
These changes are effective from 14 July 2018 for the calendar year 2017 (that is, a retroactive effective date, given that the CRS reporting deadline of 30 June 2018 has already passed).
The Luxembourg tax authorities are granting an extension of the reporting deadline until 31 August 2018 for report submissions related to Hong Kong and Macau. Read TaxNewsFlash
Other changes (repeal of certain excluded accounts) will not affect the reporting requirements for the 2017 calendar year.
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