For both 2017 FATCA and CRS reports, the reporting deadline set by the Administration des Contributions Directes (the « ACD ») is 30 June 2018.

As last year, the ACD is expecting a NIL FATCA report from each Foreign Financial Institution registered with the IRS. In contrast, only the non-NIL CRS reports are expected from the Luxembourg Financial Institutions.

Compared to last year, the reporting scope for CRS includes all types of accounts. In addition, the ACD enhanced the requirements related to the Tax Identification Number(s) of reportable accounts. Other reporting details are kept unchanged.

Should you require any assistance for the production or filing of such reports, do not hesitate to contact our experts at CRS-FATCA@arendt.com.

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