Arendt combines the entire value chain of services dedicated to Asset Managers, Banks, Insurers, Public Institutions and Private Clients operating in Luxembourg.
We assist clients in structuring and running their business from a legal and tax standpoint across Luxembourg. Our teams directly serve international clients or work in close collaboration with foreign partner law firms.
Together with our regulatory consultants and investor services experts, we bridge the gap between legal/tax advice and its implementation. We deliver best-in-class services along our clients’ business life cycles.
The 450 legal experts of Arendt & Medernach have a wealth of experience in a wide variety of specialisations. Together, they are able to advise on a complete range of 15 complementary practice areas, including Investment Management, Private Equity, Banking and Corporate Law.
On 9 June 2020, the Luxembourg parliament approved bill of law N°7527 (the "bill") amending both the CRS law of 18 December 2015 and the fatca law of 24 July 2015.
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On 9 June 2020, the Luxembourg parliament approved bill of law
N°7527 (the "bill") amending both the CRS law of 18
December 2015 and the fatca law of 24 July 2015.
The final measures in the Bill are identical to the draft
provisions proposed by the Luxembourg government.
As a reminder, the objective of the Bill is to bring Luxembourg
law in line with the latest review by the Global Forum on
Transparency and Exchange of Information for Tax Purposes (tasked
with monitoring and evaluating the implementation of the CRS). The
Bill has already helped inform the reporting and due diligence
obligations of Reporting Financial Institutions in Luxembourg and
the prerogatives of the Luxembourg tax authorities with a view to
increasing legal certainty, and will ultimately align FATCA and CRS
rules to form a cohesive approach.
The main provisions of the Bill will be applicable as from 1
January 2021.
Originally published 11 June, 2020
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
FATCA & CRS Reporting In Luxembourg: The Bill Has Passed!
LuxembourgTax
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About Arendt
Arendt combines the entire value chain of services dedicated to Asset Managers, Banks, Insurers, Public Institutions and Private Clients operating in Luxembourg.
We assist clients in structuring and running their business from a legal and tax standpoint across Luxembourg. Our teams directly serve international clients or work in close collaboration with foreign partner law firms.
Together with our regulatory consultants and investor services experts, we bridge the gap between legal/tax advice and its implementation. We deliver best-in-class services along our clients’ business life cycles.
The 450 legal experts of Arendt & Medernach have a wealth of experience in a wide variety of specialisations. Together, they are able to advise on a complete range of 15 complementary practice areas, including Investment Management, Private Equity, Banking and Corporate Law.
