ECOFIN has adopted amendments to the administrative cooperation directive, introducing new disclosure and reporting rules for tax intermediaries involved in designing and promoting aggressive cross-border tax planning schemes.
ECOFIN has adopted amendments to the administrative cooperation directive, introducing new disclosure and reporting rules for tax intermediaries involved in designing and promoting aggressive cross-border tax planning schemes.
The rules are built around a set of hallmarks linked to a ‘main benefit’ test. The directive will apply from 1 July 2020, with the first exchanges of information between member states to take place by 31 October 2020.
The five main hallmarks defining what is potentially an aggressive tax planning scheme are:
The directive was adopted at the ECOFIN meeting on 25 May. The Commission first put forward its proposal for the new rules in June 2017. The EU Parliament and the Council approved the draft directive in March. See https://bit.ly/2GX7tte.
ECOFIN has adopted amendments to the administrative cooperation directive, introducing new disclosure and reporting rules for tax intermediaries involved in designing and promoting aggressive cross-border tax planning schemes.
ECOFIN has adopted amendments to the administrative cooperation directive, introducing new disclosure and reporting rules for tax intermediaries involved in designing and promoting aggressive cross-border tax planning schemes.
The rules are built around a set of hallmarks linked to a ‘main benefit’ test. The directive will apply from 1 July 2020, with the first exchanges of information between member states to take place by 31 October 2020.
The five main hallmarks defining what is potentially an aggressive tax planning scheme are:
The directive was adopted at the ECOFIN meeting on 25 May. The Commission first put forward its proposal for the new rules in June 2017. The EU Parliament and the Council approved the draft directive in March. See https://bit.ly/2GX7tte.