The European Union has introduced mandatory disclosure requirements for certain types of ‘disclosable transactions’ (i.e. cross-border tax transactions) undertaken by taxpayers with effect from 1 July 2020. These rules have retroactive effect (i.e. apply to transactions with effect from 25 June 2018). Due to the impact of COVID-19 pandemic, the original filing deadlines have been deferred by the Revenue Commissioners for six months.
In this briefing, we cover:
- Transactions in Scope:
- Cross border requirement
- ‘Reportable arrangements’ – the ‘hallmarks’
- What are the reporting obligations?
- Penalties for non-compliance
- The impact of these new requirements on insurers, reinsurers and (re)insurance intermediaries with operations in the European Union
Click here or on the image below to download our briefing.
insurance-undertakings-and-(re)insurance-intermediaries_e774cee9-ba8d-458b-a584-0f99e69f33be.jpg "DAC 6 and its impact for (re)insurance undertakings and (re)insurance intermediaries")
