author_orbitax
Orbitax

Share This Article

Luxembourg Updates List of Jurisdictions for CbC Report Exchange to Include Costa Rica, the Faroe Islands, Israel, and Thailand

01 March 2024

|

Treaty Development

|

Luxembourg-Costa Rica-Faroe Island-Israel-Thailand

Luxembourg has published the Grand-Ducal Regulation of 9 February 2024 in the Official Gazette concerning the list of jurisdictions with which Luxembourg will exchange Country-by-Country (CbC) reports when, based on the information contained in CbC reports received, one or more constituent entities of an MNE group are resident in such jurisdiction. The Regulation amends the regulation on CbC exchange first published in February 2018 and subsequently amended over the years. The latest regulation adds exchange with Costa Rica, Israel, and Thailand for reporting fiscal years beginning on or after 1 January 2023, as well as the Faroe Islands for reporting...