Luxembourg imposes reporting requirements regarding blacklisted countries

Luxembourg has introduced new disclosure requirements for companies operating in the country that enter into transactions with related parties resident in a territory listed on the EU's tax blacklist. Under Circular LG-A no.64, Luxembourg resident companies must state in their tax return if they have entered into transactions with 'related enterprises' in jurisdictions included on the EU blacklist, starting from the 2018 tax year. In addition to this basic reporting requirement, compani...