On 24 June 2020, the Swedish Ministry of Finance published a statement announcing its intension to extend the reporting deadline of EU directive on reporting requirements for certain cross-border transactions (DAC6) due to the outbreak of the COVID-19 pandemic.
On 3 June 2020, EU member states the option (not the obligation) to apply a deferral of 6 months for the reportable cross-border arrangements under DAC6. The Sweden government has announced its intention to postpone DAC6 reporting by 6 months. The Government is now preparing amendments to implement this in Swedish law. This will not affect which data is to be reported and exchanged. In this case, it is only the time when the data is to be reported and exchanged the first time that is adjusted.
An adjustment means, among other things, that information on reporting obligations where the duty to report occurs during the second half of this year does not have to be submitted to the Swedish Tax Agency until 31 January 2021. It also means that the historical arrangement, where the implementation of the arrangement has begun between 24 June 2018 and 1 July 2020, does not need to be filed until 28 February 2021.
