Postponement of the reporting obligations of relevant arrangements

Postponement of the reporting obligations

Deferral of the application of the regime provided for in Council Directive (EU) 2018/822, of 25 May 2018 (“DAC6”)

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The European Commission has decided today to propose the postponement of the reporting obligations to exchange information on certain cross-border tax planning arrangements under Directive (EU) 2018/822, of 25 May 2018 (“DAC6”), whose transposition into the Portuguese law is in progress through Law Proposal No. 11 / XIV presented by the Portuguese Government to the Parliaments last January.

According to DAC6, the reporting obligations of relevant arrangements should start as from 1 July 2020, while arrangements whose first step has occurred or will occur between 25 June 2018 and 30 June 2020, should take place by 31 August 2020.

In a statement made public today, the European Commission proposes a three-month postponement of those deadlines, with a possibility to further extend the deferral period once, for a maximum of three additional months, depending on the evolution of the Coronavirus pandemic.

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