Tax & Accounting Blog

Luxembourg Publishes Updated FAQs on Common Reporting Standard

Luxembourg Publishes Updated FAQs on Common Reporting Standard

On March 13, 2017, Luxembourg published updated FAQs on the OECD Common Reporting Standard (CRS). Luxembourg published prior FAQs on April 21, 2016. In general, jurisdictions subject to declaration in Luxembourg are (i) EU member states and (ii) signatories of the OECD Multilateral Competent Authority Agreement (MCAA), implementing the G20's and … Read More

Polish Parliament Approves Law to Automatically Exchange Country-by-Country Reports

Polish Parliament Approves Law to Automatically Exchange Country-by-Country Reports

On March 9, 2017, the Polish Sejm gave final approval of the law on the exchange of tax information with other countries (the “Law”) following consideration of Senate amendments. The Law provides information on obligations of financial institutions (FIs) and the automatic exchange of country-by-country (CbC) reports. The Law does not apply to … Read More

How Technology Can Help AEO Succeed

How Technology Can Help AEO Succeed

According to the WCO (World Trade Organization) the AEO (Authorized Economic Operator) concept provides economic operators[1], who meet the conditions and criteria, with benefits in the form of facilitation of customs controls in terms of safety and security, and with simplifications on customs law and rulings.  The aim is to facilitate the foreign … Read More