Clifford Chance

DAC 6 – a practical approach to the new EU tax reporting regime

11 March 2020

EU rules - commonly known as "DAC 6" - under the Directive on Administrative Cooperation require intermediaries and in some cases taxpayers to report a wide range of transactions to tax authorities from July 2020 – including transactions entered into from 25 June 2018.

In many jurisdictions, although legislation is in now place, crucial guidance from the local tax authority as to how to apply and operate the rules has not yet been published. However, taxpayers and intermediaries are nonetheless required to identify historic reportable cross-border arrangements, as well as put in place systems to enable identification and reporting of relevant transactions going forwards. This briefing summarises the obligations and challenges of DAC 6 and outlines some practical approaches to managing compliance.

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