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By Pierre KIRSCH, Tax Partner, Authorised Manager of PwC Regulated Solutions
Starting on 1 January 2026, new impactful tax reporting obligations will affect in Luxembourg more than 25,000 existing Reporting Financial Institutions (RFIs) as per the OECD CRS (Common Reporting Standard) definition, following the entry into force of the transposition of the 8th version of the Directive on Administrative Cooperation (DAC).
This will not only affect new type of financial entities in Luxembourg like e-money institutions or crypto-assets service providers (CASPs), but also the whole population of existing financial entities like banks, insurance companies and the large population of funds which fall in the scope of CRS. Indeed, this new directive...
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