Clifford Chance

Look out – why new EU tax reporting requirements are ahead!

7 June 2018

New EU rules - commonly known as "DAC 6" - under the Directive on Administrative Cooperation require taxpayers and intermediaries to report a wide range of transactions to their home tax authorities. In some cases these are transactions that are tax-motivated. In other cases they may be ordinary course financing or corporate transactions with no particular tax objective.

In the next few weeks EU taxpayers and intermediaries will have to put in place systems to enable identification and reporting of affected transactions. This briefing outlines the new rules and suggests how such systems could work.

Download PDF