DAC 6 EU Directive now implemented into Luxembourg Law, applicable as of 1 July 2020, with retroactive effects.

On 21 March 2020, the Luxembourg Parliament (Chambre des Députés) approved the bill n°7465 (the "DAC 6 Bill"), implementing the EU Directive 2018/822 of 25 May 2018 also commonly known as "DAC 6" into domestic law (the "DAC 6 Law")[1].

DAC 6 aims to exchange at EU level information on arrangements, which could be considered as aggressive operations from a tax perspective. In this context, the DAC 6 Law will require certain persons to report specific arrangements, which may be considered as harmful in the context of a fair taxation.

Whilst the DAC 6 Law will be applicable as of 1 July 2020, its effects will have a retroactive effect as some arrangements, which the first step took place as of 25 June 2018, may need to be reported by 31 August 2020 at the latest.

1.    What are the origins of DAC 6?

All details here: All details here:  https://www.hoganlovells.com/en/blogs/luxembourg-blog/dac-6---luxembourg-implementation


2.    Who needs to report?

All details here: https://www.hoganlovells.com/en/blogs/luxembourg-blog/dac-6---who-needs-to-report


3.    To whom needs to be reported?

All details here:  https://www.hoganlovells.com/en/blogs/luxembourg-blog/dac-6-to-whom-needs-to-be-reported


4.    What kind of arrangements need to be reported?

All details here: https://www.hoganlovells.com/en/blogs/luxembourg-blog/dac-6---what-arragement-to-report

5.    What information needs to be communicated?

All details here:  https://www.hoganlovells.com/en/blogs/luxembourg-blog/dac-6-what-information-needs-to-be-communicated


6.    When has the reporting to be made?

All details here:  https://www.hoganlovells.com/en/blogs/luxembourg-blog/dac-6-when-has-the-reporting-to-be-made


7.    What penalties are foreseen and concluding remarks

All details here: https://www.hoganlovells.com/en/blogs/luxembourg-blog/dac-6-penalties-and-conclusion