DAC6 Schema Version 1.1 is applicable for all exchanges until July 31, 2021.
Irish tax authority has confirmed that the DAC6 Schema Version 1.2 will apply for all DAC6 reports from August 1, 2021.
The tax authority said that the DAC6 Schema Version 1.1 is applicable for all exchanges until July 31, 2021.
To facilitate the migration to Schema Version 1.2, the Revenue electronic filing system on ROS for DAC6 will be unavailable from 00:01 on August 1, 2021 and will reopen on August 10, 2021.
Canada hails international tax reform
The new two-pillar plan on international tax reform is good for Canada and will ensure a fair and level-playing field in the global economy, Canada’s Finance Minister, Chrystia Freeland, has said.
Following the recent announcement that 130 countries co-signed a new two-pillar plan on international tax reform, the Minister said: “It is the next step in the global effort to end the race to the bottom in corporate taxation and to ensure that multinational corporations pay their fair share of taxes wherever they do business and regardless of where their headquarters are located. It builds on important progress at last month’s G7 meetings.”
The Minister added: “This international agreement is good for Canadian workers and Canadian businesses, and it will ensure a fair and level playing field for them in the global economy. Our government will continue to be focused on Canada’s national economic interests in negotiations with our international partners, including at next week’s meeting of G20 Finance Ministers and Central Bank Governors.”