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 DAC6 are set to become applicable on 1 July 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 Tax Authority has opted to postpone the DAC6 reporting deadlines. The deadline to report arrangements, which was implemented between 25 June 2018 and 30 June 2020, is deferred from 31 August 2020 to 28 February 2021. Again, the 30-day deadline to report arrangements for the period between 1 July and 31 December 2020 begins on 1 January 2021. In addition, The new reporting deadline for periodic reporting on marketable arrangements is 30 April 2021.
