The EU Council Directive 2018/822 known as “DAC6” is introduced in order to increase transparency in the area of direct taxation. It is a mandatory exchange of information in the field of taxation related to reportable cross – border arrangements.
- Intermediaries (Tax advisers, Accountants, Banks etc.)
- Relevant Taxpayers
Any cross-border (involving either two EU member states or one EU member state and a third state) tax planning arrangement which bears one or more of the hallmarks listed in the Directive and concerns at least one EU Member State.
The information that needs to be reported includes details of the intermediaries and relevant taxpayers, the hallmarks being met, a summary of the arrangement and the member states or persons likely to be affected by the arrangement.
We can assist you with:
- Review of your transactions and advice if they fall under DAC6 reporting obligation.
- Prepare submission files.
- Submit files on our behalf.
- Ongoing communication with regulator to ensure validity of reported data.
- Record Keeping/Data Storage.
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