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25/06/2020
Further to the proposal issued by the Commission a few weeks ago, and following the approval by the EU Parliament on 19 June, the Council of the EU has adopted on 24 June 2020 the revision of the directive 2018/822 MDR, referred to as DAC 6, which provides for reporting requirements in relation with potentially aggressive tax planning.
As a result, upon election Member States are allowed to postpone the DAC 6 reporting deadlines.
Should Member States decide to elect for such extension:
Also, the Council may extend the above optional deferral period by an additional three-month period, depending on the evolution of the pandemic.
If certain Member States have already decided to postpone the deadlines (e.g., Belgium, Luxembourg, UK), others may not be willing to do so (e.g., Finland).
The positions of the Member States will therefore have to be carefully monitored.
Please contact your usual CMS lawyer for more information
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