EU Commission urges Ireland, Netherlands, four others to tackle aggressive tax planning
May 22, 2020On May 20, 2020, the European Commission proposed key recommendations for six EU member states on tackling aggressive tax planning. These six member states are: Cyprus, Hungary, Ireland, Luxembourg, Malta, and the Netherlands.
Spain’s Council of Ministers approve draft Law on DAC6
May 19, 2020On May 12, 2020, Spain’s Council of Ministers approved draft Law to incorporate the EU Directive on cross-border tax arrangements (DAC6) into Spanish tax law.
The government’s intention is to exempt only those entities from the DAC6 reporting obligation (under the legal professional privilege) that provide strictly legal advice.
European Commission defers DAC6 reporting for three months
May 9, 2020On May 8, 2020, the European Commission decided to defer the deadline for filing and exchanging information under EU Directive 2018/822 of 25 May 2018 (commonly known as DAC6). The decision was taken in view of the difficulties that businesses and member states are facing with the Coronavirus crisis.
Financial associations call upon EU Commission to defer DAC6 reporting
April 23, 2020A group of financial associations has asked the EU Commission to defer the DAC6 reporting obligation until 2021.
TP Views
Poland suspends DAC6 reporting until June 30
April 27, 2020Poland suspends reporting obligation of tax arrangements under DAC6 law in view of COVID-19.
OECD issues MAP peer review reports for further eight jurisdictions
March 5, 2020The OECD on February 24 published stage 1 mutual agreement procedure (MAP) peer review reports of the following eight jurisdictions: Brunei Darussalam, Curaçao, Guernsey, Isle of Man, Jersey, Monaco, San Marino, and Serbia.
