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The initial deadline of 31 August has now been extended to 30 November 2019.

A week before the initial deadline, 61% of Luxembourg entities (equivalent to 129,000) had yet to complete their paperwork for registration. 

Entities which fail to complete a declaration could incur a fine ranging from €1,250 to €1.25m. The same applies to entities which do not report a change in beneficial ownership within 30 days.