DAC6 is an EU Council Directive 2011/16 in relation to reporting requirements for all cross-border tax arrangements. It has been in force since June 25, 2018, promoting transparency and fairness in taxation. DAC6 applies to cross-border tax arrangements that meet one or more specified characteristics (hallmarks) and that concern either more than one EU country or an EU country and a non-EU country.
It mandates a reporting obligation for these tax arrangements, if in scope, no matter whether the arrangement is justified according to national law. It applies to companies with EU nexus and intermediaries such as tax advisers, lawyers and accountants that design, promote or provide assistance in regard to certain cross-border arrangements. When the intermediaries are bound by professional secrecy, or in the absence of intermediaries, the reporting obligations are generally shifted to the taxpayer.
DAC6 requires taxpayers to file information with their national tax authority within 30 days of the first of the following dates:
Because of COVID-19, the reporting dates have been extended by 3 months. The extension:
We're closely monitoring the hour-by-hour changes, and we will send out updates as they become available. Reach out to our experts if you need further information on this topic.
