Gibraltar is to limit the scope of reporting under DAC 6, in line with the UK’s recent decision to align reporting requirements with the OECD standards. Reporting in Gibraltar will be limited to cross-border arrangements falling within category D hallmarks (CRS avoidance arrangements and opaque offshore structures). The changes will take effect from 1 January 2021. Reporting obligations in relation to Spain may be realigned with DAC6 depending on future obligations under the tax treaty with Spain.
Gibraltar is to limit the scope of reporting under DAC 6, in line with the UK’s recent decision to align reporting requirements with the OECD standards. Reporting in Gibraltar will be limited to cross-border arrangements falling within category D hallmarks (CRS avoidance arrangements and opaque offshore structures). The changes will take effect from 1 January 2021. Reporting obligations in relation to Spain may be realigned with DAC6 depending on future obligations under the tax treaty with Spain.
