Background to the DAC6 Directive
The DAC6 Directive (EU) 2018/822 requires EU Member States to impose compulsory reporting obligations on intermediaries and taxpayers in relation to cross-border tax arrangements.
The DAC6 Directive (EU) 2018/822 requires EU Member States to impose compulsory reporting obligations on intermediaries and taxpayers in relation to cross-border tax arrangements. Here you will find all the information you need about the regulatory framework, the challenges involved and our portfolio of DAC6 services
The challenges of implementing the Directive
In addition to the time and expertise-related problems currently associated with the DAC6 Directive, companies also face a multitude of challenges as regards the proper fulfilment of their compliance obligations.
Our DAC6 Consulting portfolio
Our DAC6 consulting portfolio includes all the DAC6 consulting services you could ever need. We can even put a DAC6 compliance management system in place on request.
Our DAC6 Platform
When meeting the DAC6 compliance requirements applicable to your company, you need a process that provides legal certainty but is also pragmatic at the same time. Our innovative and flexible platform solution has been developed precisely for that purpose.
Our DAC6 Network
The DAC6 regulatory system has international implications, making it difficult to maintain a purely national outlook. Mazars can oversee and provide support for all DAC6 projects internationally via its European DAC6 Task Force....
Retroactive reporting obligation means the clock is ticking even faster
What makes DAC6 an even bigger issue is the fact that taxpayers and intermediaries do not just have to report future transactions, but also some that have already been completed. In cases where implementation of the arrangement began at any point between 25 June 2018 and 1 July 2020, the information must be reported by 31 August 2020. Therefore, we recommend taking appropriate action now rather than leaving it until later.
DAC6 Brochure
DAC6 – Proposal for postponing reporting deadlines
On 8 May 2020, the European Commission published a proposal to amend the Directive on Administrative Cooperation (2011/16/EU), last amended by the DAC6 Directive, and therefore defer the deadlines of the reporting obligation due to the COVID-19 pandemic burden by three months. The proposal is expected to appear on the agenda of the next ECOFIN meeting on 19 May 2020.
Contact
Christian Würschinger Partner - Munich, Germany
DAC6 – Proposal for postponing reporting deadlines
On 8 May 2020, the European Commission published a proposal to amend the Directive on Administrative Cooperation (2011/16/EU), last amended by the DAC6 Directive, and therefore defer the deadlines of the reporting obligation due to the COVID-19 pandemic burden by three months. The proposal is expected to appear on the agenda of the next ECOFIN meeting on 19 May 2020.