Call to Defer DAC6 Reporting

Published 28 April 2020

PrintCategory: Taxation / VAT

The EU reporting obligation for cross-border arrangements (commonly known as DAC6) is set to take effect from 1 July 2020.

In a letter from 20 April 2020 to the EU Commissioner for Economic and Financial Affairs, a group of financial associations, including Invest Europe, has requested a deferral of the DAC6 reporting obligation until 2021 across all member states and the UK.

The deferral is sought on the ground that financial institutions currently face significant implementation challenges outside of their control, including most recently the COVID-19 pandemic.

Next Steps: We are now awaiting a response from the EU Commissioner for Economic and Financial Affairs.

Read the letter here.

Tags:  ComplianceDAC6


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