DAC6 Expected to be Transposed into Danish Law in Second Half of 2019
Published 23 May 2019
Category: Taxation / VAT
The new EU directive regarding mandatory reporting in relation to arrangements with cross-border implications (“DAC6”) is expected to be transposed into Danish law in second half of 2019, increasing reporting requirements for arrangements that have cross-border implications.
DAC6 will require that participants and intermediaries report information about arrangements with cross-border implications, including so-called “tax-driven” arrangements, when certain “hallmarks” are contained in the arrangement.
DAC6 will apply retrospectively to arrangements that have taken place in the transition period between DAC6’s entry into force (June 2018) and its transposition into national law (no later than 31 December 2019). It is therefore important to maintain records and prepare DAC6 relevant documentation for “old” arrangements from the transition period.
Next Steps: Transposition of DAC6 into Danish law no later than 31 December 2019.
See DAC6 here.
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