Due to coronavirus outbreak, the European Commission has recently agreed to delay the entry into force of certain European Union (EU) taxation measures. Among these is the delay of Council Directive 2018/822, commonly known as the Directive on Administrative Cooperation 6 (DAC6). The rules under DAC 6 are set to become applicable on July 1, 2020, with mandatory reporting requirements initially due in August 2020. However, the EC recently agreed to a six-month delay of the initial reporting deadlines as a result of COVID-19.
Recently, the Nation Revenue Agency announced that it will be providing the six-month deferral for the initial reporting deadlines for cross-border arrangements (DAC6). The exact deadlines are not certain yet.
