Luxembourg Parliament Considers Bill to Implement EU Directive on AEOI for Digital Platform Operators

June 16, 2022, 5:00 AM UTC

The Luxembourgish Parliament (Chambre des Deputes) June 13 accepted for consideration Bill No. 8029, to implement an EU Council Directive on the mandatory automatic exchange of information (AEOI) for digital platform operators (DAC7). The bill includes measures to: 1) establish registration and notification obligations for platform operators; 2) establish notification requirements of the Direct Tax Administration; 3) establish due diligence procedures and reporting obligations of platform operators; 4) establish information communication procedures for the Direct Tax Administration; 5) establish verification procedures and penalties for noncompliance; 6) establish provisions on confidentiality and protection of personal data; 7) establish provisions for the ...

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