CRS Reporting – New List Of Reportable Jurisdictions For The Reporting Year 2017

On 9 July 2018, a Grand Ducal Regulation has been signed in order to amend the list of Reportable Jurisdictions with a retroactive effect for the reporting year 2017.

The updated list excludes the Bahamas and includes now Hong Kong and Macao.

From a practical perspective, and based on the newsletter published by the Luxembourg tax authorities on 19 June 2018, it seems that, for the reporting year 2017, financial institutions will have to report relevant information related to Hong Kong and Macao residents before the 31 August 2018.

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