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ARTICLE · 02 JANUARY 2019

Political Agreement Reached On EU Proposal Setting New Transparency Rules For Intermediaries

Atoz Tax Advisers
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Therefore, in order to be taken into account, they must fulfil a main benefit test.

LuxembourgTax
Romain Tiffon
Romain Tiffon
Samantha Schmitz
Samantha Schmitz
Marie Bentley
Marie Bentley

 Yesterday, the EU Finance Ministers reached a political agreement on the Proposal for a Council Directive amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements (the "Directive Proposal").

Our tax alert provides an overview of

  • what will need to be reported
  • who will be subject to the new reporting duties
  • when the reporting will have to be performed

What will need to be reported under the Directive Proposal?

The Directive Proposal aims at the disclosure, by EU intermediaries, of potentially aggressive tax planning arrangements of a cross-border dimension.

Therefore, in order to be subject to mandatory reporting, the arrangement has to:

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