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ARTICLE · 26 MARCH 2018

EU Targets Tax Avoidance Reporting Obligations For Intermediaries

Jones Day
Jones Day
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On March 13, 2018, the Council of the European Union reached a political agreement on a proposed directive that establishes new and far-reaching tax reporting obligations for intermediaries and taxpayers.

United StatesTax
Jones Day
Jones Day
Blaise Marin-Curtoud
Blaise Marin-Curtoud
Oliver Staatz
Oliver Staatz
Martin Schulte
Martin Schulte
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IN SHORT

The Situation: The Member States of the EU have unanimously agreed on a proposed directive establishing new and far-reaching tax reporting obligations for "intermediaries" and taxpayers.

The Result: The proposal lays down rules for mandatory disclosure of potentially aggressive tax planning schemes with a cross-border element ("arrangements").

Looking Ahead: The directive must be implemented by the EU Member States by 2020 and may have a retroactive effect on transactions that occur in the second half of 2018.

On March 13, 2018, the Council of the European Union reached a political agreement on a proposed directive that establishes new and far-reaching tax reporting obligations for intermediaries and taxpayers. The proposal aims at providing tax authorities with specific information to identify new risks of tax avoidance and take measures against harmful arrangements. To this end, national tax authorities shall automatically exchange such information

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