If you want to be compliant with DAC6 you need to keep track of these important dates:
25 June 2018 – From this date to June 30, 2020 reportable transaction must be collected at present.
31 August 2020 – The first information must be reported to the tax authorities in most EU-jurisdictions.
As from 1 Juli 2020 you need to keep track of current arrangements and report them within 30 days.
The EU Council Directive 2018/882/EU (DAC 6) provides for the mandatory disclosure of information by intermediaries on “potentially aggressive tax planning schemes with a cross-border element.” This Directive is based on the OECD Action 12 base erosion and profit shifting project. Information is required to be reported to tax authorities and shared via a mandatory automatic exchange of information.
For more about Mandatory Disclosure Regime, read our DAC 6 Guide.