As a result of COVID-19 pandemic, on 24 June 2020, the European
Council reached an agreement on an optional delay to the reporting
deadlines regarding cross-border arrangements under EU Directive
2018/822 (DAC 6).
About DAC 6
Through the DAC 6, the European Council has adopted new
reporting obligations in order to promote the automatic exchange of
information in relation to reportable cross-border arrangements.
The purpose of DAC 6 is to enhance transparency, reduce uncertainty
over beneficial ownership and dissuade intermediaries from
implementing harmful tax structures.
In addition, DAC 6 obligates intermediaries or relevant taxpayers
to report cross-border arrangements that may be indicative of
"potentially aggressive tax planning" to their respective
national authorities. Arrangements that must be reported are those
that meet one or more of the criteria listed in the annex to the
DAC 6.
