Amid COVID-19 pandemic, and in response to requests from European trade associations, the European Commission has published its proposal to amend Directive 2011/16/EU which deals with various strands of administrative co-operation in the field of taxation. Significantly, the proposal includes an extension to the time limit for reporting information under the new rules on cross-border tax arrangements known as DAC6. On 17 June 2020, the Financial Administration announced to delay in transposing the DAC6 cross-border arrangement reporting requirements into Czech law will enter into force in September 2020. According to the announcement, the reporting deadlines under DAC6 would be extended, as follows:
- The deadline of the first step to cross-border arrangements, which was implemented in the period from 25 June 2018 to 30 June 2020 (inclusive), would be 28 February 2021.
- The deadline of cross-border arrangements that have been made available or ready for implementation, or whose first step has been implemented, in the period from 1 July 2020 to 31 December 2020 (inclusive), would be 30 January 2021.
- with respect to reportable arrangements on or after 1 January 2021, the standard 30 days after deadline would apply.
