Corporate - Significant developments

Last reviewed - 05 July 2023

Implementation of DAC 7 in the Luxembourg law 

On 3 May 2023, the Luxembourg Parliament voted in favour of the bill of law n°8029, to implement DAC 7 into the Luxembourg legal system, thus introducing new requirements for reporting platform operators but also strengthening data protection requirements of data controllers in the context of the automatic exchange of information and administrative cooperation.