On 30 July, Italy has published Legislative Decree No. 100 in the Official Gazette as approved by the Council of Ministers for the implementation of the required reporting and exchange of information on cross-border arrangements as per Council Directive (EU) 2018/822 (DAC6). The Legislative Decree enters into force on 26 August 2020.
The Legislative Decree also includes the deferral of the initial deadlines as provided by EU Directive 2020/876. With the deferral, the reporting period from 25 June 2018 to 30 June 2020 is due by 28 February 2020 and the standard 30-day reporting period will begin from 1 January 2021, including for reporting arrangements from 1 July to 31 December 2020. The deadline for the first periodic reporting of marketable arrangements is 30 April 2021.
Furthermore, the Government of Italy approved the Legislative Decree implementing the EU Directive on the mandatory disclosure and exchange of cross-border tax arrangements (DAC6) on 22 July 2020.
