DAC 6 Reporting Rules - Dutch, British, German and Spanish Guidance

These articles were originally published on 09 September and 06 November in Bloomberg Tax, Daily Tax Report, who have agreed to them being made available on this website.

If you think adjusting to and complying with the Common Reporting Standard (CRS) and the U.S. Foreign Account Tax Compliance Act (FATCA) rules was a challenge, and you do business in the European Union, brace yourself for a new set of reporting rules that become effective in the respective EU Member States July 1, 2020, with retroactive effect to June 25, 2018.

The new mandatory reporting requirement is included in the recently amended EU Directive on Administrative Cooperation in the field of Taxation (also referenced as 'DAC 6' as it is the sixth major amendment to the Directive on Administrative Cooperation), and regards potentially aggressive tax planning structures that you are about to (help) put in place or may have already (helped) put in place on or after June 25, 2018.

Read the full Dissecting ‘DAC 6’ Reporting Rules With Dutch, British Guidance article here

Read the full Dissecting ‘DAC 6’ Reporting Rules With German, Spanish Guidance here