Tax Policy

Defer­ral of EU DAC 6 repor­ting obli­ga­ti­ons

In a joint letter to the EU-Commission and other European and national stakeholders the GDV and other German Business Associations have asked for a deferral of the EU DAC 6 reporting obligations due to the spread of COVID-19.

Reporting obligations should be postponed due to Covid-19

Following the DAC 6 Directive and the corresponding national laws, companies and intermediaries are obliged to report certain cross-border tax arrangements starting 1 July 2020. As the outbreak of COVID-19 is affecting all industries, many businesses are already facing or will face enormous pressures to adapt quickly to this unprecedented situation. Accordingly there will be no or only limited resources for the implementation of technical and administrational standards with regard to the DAC 6 reporting obligations for business as well as fiscal administrations.

Therefore the GDV and other German Business Associations asked for a deferral of the reporting obligations of cross-border tax arrangements of at least one year. The joint statement was addressed to the EU-Commission and other European and national stakeholders.

Coordination between Member States necessary

Additionaly Insurance Europe together with other European Business Associations has spoken out for a deferral of the reporting obligations. Because a possible reporting obligation of a cross-border tax arrangement affects at least two countries, there should be a coordinated EU-wide deferral.

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