On 25 May 2018 the Council of the European Union adopted a sixth amendment to the Directive on Administrative Cooperation (“DAC 6”) which requires so-called tax intermediaries to report, on a mandatory basis, cross-border arrangements that contain defined characteristics, features and are subject to a main benefit test.

Although the national implementation shall enter into force on 1 July 2020, relevant cross-border arrangements must already be monitored for the period starting as of 25 June 2018 and finally be reported starting generally in July 2020.

Due to the extensive definition of reportable cross-border arrangements, taxpayers are advised to implement a monitoring system as early as possible to timely fulfil the reporting obligation and avoid penalties for non-reporting.

This Newsletter shall provide you with an overview on the current implementation status in certain CEE/SEE jurisdictions and information on local rules deviating from the EU Directive.

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