
DAC 6 is the 6th version of the EU Directive on administrative cooperation and can trace its roots back to the OECD 2015 Action 12 Final Report, which provided a set of recommendations for the design of mandatory disclosure rules (MDR). On 25 May 2018 Directive 2011/16/EU was amended by Council Directive (EU) 2018/822 regarding the mandatory automatic exchange of information in the field of taxation in relation to reportable cross border arrangements (DAC 6). This EU Directive introduces reporting obligations for a wide range of cross-border tax arrangements and affects lawyers, accountants, tax advisors, bankers, and other “intermediaries”, as well as taxpayers across the EU Member States (MS) – including Malta.
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