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.
DAC6 - New obligation to report cross-border arrangements to the tax administrator
The amendment to Act on International Assistance and Cooperation in Tax Administration introduces new obligation for taxpayers who use qualifying cross-border arrangements to report such arrangements as of 1 January 2021.
The Tax Alert outlines the new obligations, as well as hallmarks used to determine whether or not an arrangement has to be reported.
We also focus on:
- person liable to report,
- the obligations of the intermediary,
- penalties for non-compliance,
- areas in which we can assist you.
You can download the Tax Alert in a PDF version by clicking on the link below. Please contact us in case of questions, and we will be happy to support you.
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.
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.
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Kvetoslava Čavajdová CARL Partner, Tax - Bratislava
Tax advisory
Insight and innovation to guide you through today’s evolving global tax landscape.
DAC6
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