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On 19 June 2015, the ABBL held a conference on the automatic exchange of information in tax matters. Speakers comprised representatives from the Ministry of Finances, the National Commission for Data Protection and competent experts from the ranks of our members.
The primary aim of the conference was to raise awareness among our members of the key requirements applicable to financial institutions according to the new OECD Standard for Automatic Exchange of Financial Information in Tax Matters (the OECD Standard). In this context, the audience could rely on first-hand insights from the public sector and the banking sector alike. Luxembourg is an early adopter of the OECD standard, which means that the implementation timeline will start on 1 January 2016. This timeframe...
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