CRS newsletter published by the Luxembourg Tax Authorities

CRS newsletter published by the Luxembourg Tax Authorities

Until now, Financial Institutions where required to report the information on the type of controlling persons, allowing to identify the type of control exercised on Non-Financial Entity (NFE) reported. As from now, this information is no longer subject to specific control by the LTA. However, if a reporting Financial Institutions has the information on the type of control exercised on a passive NFE, it is still required to disclose it.

More details can be found on the CRS FAQ page.

 

 

 Source: Deloitte Tax & Consulting -  Alerts 

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