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A LIRE OU A RELIRE - Article publié dans le mensuel de Décembre 2021
By Pierre KIRSCH, Partner and Camille PEREZ, Director, PwC Tax Information Reporting
The year 2020 has been marked by the strengthening of European rules promoting better tax transparency in the financial sector. These regulations have significantly impacted the Luxembourg market, notably linked to the volume of complex cross-border transactions and structures.
One year later, controls carried out by the tax authorities and regulators are stricter and require Financial Institutions (“FIs”) and other impacted actors to set-up an appropriate tax governance. These controls should be reinforced with the upcoming visit from the FATF.
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