On 8 August 2019, the Luxembourg Government tabled a Bill (n°7465) and its brief commentary before the Luxembourg Parliament setting out draft legislation that will implement the EU Directive on the mandatory disclosure and exchange of cross-border tax arrangements, also known as DAC6.
In brief, DAC6 obliges service providers or, alternatively, taxpayers to report on cross-border tax planning arrangements that meet certain hallmarks.
The draft Law now needs to go through the Luxembourg legislative process, and may be subject to amendments before final voting by the Luxembourg Parliament.
