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EU Member States Agree to Optional Postponement of DAC6 Reporting

05 June 2020

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Proposed Changes

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European Union-Belgium-Luxembourg

EU Member States have reportedly reached political agreement on an optional postponement of the initial deadlines for DAC6 reportable cross-border arrangements for up to 6 months in light of the COVID-19 pandemic. This must still be formally approved, although certain Member States have already announced their plans to postpone. According to a release from the Belgian Federal Public Service (SPF) Finance, Belgium has decided that it will postpone its reporting requirements as follows: Reportable arrangements, the first step of which was implemented between 25 June 2018 and 30 June 2020, must be reported no later than 28 February 2021 at...