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New EU legislation to stop money laundering and tax evasion

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Following Luxembourg Times please see below more information about new legislation to be introduced across EU.

“National tax authorities across the European Union (EU) will have direct access to information on the beneficial owners of companies, trusts and other entities after new rules came into force on January 1.

The aim of the rules, welcomed by the European Commission, is to prevent tax evasion and money laundering by obliging member states to give tax authorities access to data collected under anti-money laundering legislation.”

More details here: https://luxtimes.lu/european-union/32335-new-rules-to-prevent-tax-evasion-money-laundering?mc_cid=e9d42b12eb&mc_eid=d4d5000b50