Council Directive (EU) 2018/822 (“DAC6”) shall apply in the EU member states from 1 July 2020. It imposes new reporting requirements on certain types of tax transactions undertaken by taxpayers within the member states, sets out new rules for the exchange of information amongst tax authorities relating to information received regarding these tax arrangements and includes cross-border arrangements in the reporting obligations applicable retroactively to 2018.

Taxpayers with operations in any of the states will need to understand the impact of these rules, assess their activities and determine what to report, and to whom.