ARTICLE · 07 JUNE 2018

DAC6 To Enter Into Force On 25 June 2018

PwC Cyprus

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The first reportable cross-border arrangements will be those where the first implementation step occurs between 25 June 2018 and 1 July 2020.

European UnionTax

Nicos Chimarides

Eftychios Eftychiou

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Issue N-13-2018, 7 June 2018

On 5 June 2018, EU Council Directive amending Directive 2011/16/EU on administrative cooperation in the field of taxation (commonly referred to as DAC) as regards mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements (commonly referred to as DAC6) was published in the Official Journal of the EU after having been formally adopted by the Economic and Financial Affairs Council (ECOFIN) on 25 May 2018. For background and more details on DAC6 please refer to our Direct Tax Update Newsletter N-9-2018.

DAC6 will enter into force on the twentieth day following the date of its publication in the Official Journal of the EU, that is on 25 June 2018.

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