The Luxembourg government has submitted draft legislation to parliament to implement Country-by-Country (CbC) reporting requirements based on BEPS Action 13 and transpose into domestic law Council Directive (EU) 2016/881, which amends the administrative cooperation Directive (Directive 2011/16/EU) to require all EU Member States to exchange CbC reports ({News-2016-06-07/A/2- previous coverage}).
Under the draft legislation, CbC reporting requirement will apply for fiscal years beginning on …