The European Council has decided to postpone the deadlines for the exchange of information under the so-called DAC-6 Directive (EU) 2018/822 on the exchange of information on cross-border tax arrangements by six months. The Commission’s initial proposal on this subject had provided for only three months. Depending on how the pandemic develops, this deadline can be postponed once again by up to another three months. If the Member States agree to the extension of 6 months, the new deadline would be as follows:
- The “historical arrangements” (i.e. arrangements implemented between 25 June 2018 and 30 June 2020) must be reported by 28 February 2021 at the latest (instead of 31 August 2020 as previously).
- The start of the 30-day period for the notification of new arrangements is postponed from 1 July 2020 to 1 January 2021.