We assist you in your Country by Country declarations and notifications (CBCR). This initiative by the OECD is taken up by European Directive (EU) 2016/881 of the Council of 25 May 2016 amending Directive 2011/16 / EU as regards the automatic and compulsory exchange of information in the tax field.
In Luxembourg, the directive was transposed into law on December 23, 2016.
The CBCR declaration
We support you in:● defining the scope of your obligations● collecting information for the reporting entity● setting up a data collection tool for entities in the group of companies● review of the information communicated● preparation of the declaration and annexes● filing the declaration with the tax authorities
We support you in:● collecting information from the reporting entity● review of the information communicated● preparing the notification● filing the notification with the tax authorities
Which companies are affected by the country-by-country declaration?
Multinational enterprise groups with consolidated turnover of more than 750,000,000 euros (750 million) are required to file a country-by-country report.
The group entity responsible for this declaration is either the ultimate parent entity of the multinational enterprise group which resides for tax purposes in the Grand Duchy of Luxembourg, or an entity which has been declared as a reporting entity to the tax authorities.
All other entities, resident for tax purposes in Luxembourg, of the group subject to country-by-country reporting obligations must file a country-by-country reporting notification in Luxembourg.
Which companies are affected by the country-by-country notification?
All entities, resident for tax purposes in Luxembourg, of a group subject to CBCR reporting obligations and which do not make country-by-country reporting must file a country-by-country reporting notification in Luxembourg.