On 29 April 2020, the French Tax Authority (FTA) published additional guidelines concerning the mandatory disclosure and exchange of cross-border tax arrangements (DAC6). The guidelines describes the scope of the reporting obligations, including the hallmarks of reportable arrangements and the person required to report. This also cover what must be reported and the associated deadlines, as well as the reporting procedures, which includes that declarations must be made electronically via the tax authority website.
On 9 March 2020, the Tax Authorities published official detailed draft guidance regarding the interpretation of the French Mandatory Disclosure Rules (MDR). The draft guidance provides some clarity on the definitions of the terms of the Directive and sets out how the FTA anticipate the reporting process to operate. It also provides some details regarding the information to be reported, although more details are expected to be provided in a decree that will be published shortly.
