EU: Implementing regulation to facilitate automatic exchange of tax information under DAC9
Aimed at providing technical solutions
The European Commission (EC) adopted an implementing regulation aimed at providing the technical solution for the automatic exchange of top-up tax information return between member states under Directive 2011/16/EU on administrative cooperation in the field of taxation (DAC9).
According to the EC release, the EU aims to provide technical solutions to facilitate automatic exchange of information between member states under DAC9 which, in turn, supports the application of the Pillar Two directive.