viernes, 30 de junio de 2017

European Commission proposes mandatory disclosure for advisers and taxpayers

The European Commission has proposed a draft Directive that would impose mandatory disclosure obligations on tax advisers or, in certain circumstances, on taxpayers. The disclosure would be required for cross-border arrangements that involve at least one EU Member State and carry one or more ‘hallmarks’. A list of the proposed ‘hallmarks’, only one of which must be satisfied in order for the reporting obligation to apply, is annexed to the draft Directive.

Note that currently, this is still a proposal. It requires formal adoption by unanimous vote of the Council, after consultation from the European Parliament. However, in light of the current environment and the speed of adoption for other recent tax-related Directives, it is essential that advisers and taxpayers alike are aware of this development and continue to monitor its progress.

Source & more info: PwC

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