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KPMG DAC6 processor

KPMG DAC6 processor

KPMG has developed an approach to assisting member firm clients with their processes and controls and a technology solution to help accumulate and assess potentially reportable transactions.

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Rene Schob

Partner, Head of Tax & Legal

KPMG in Romania

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Council Directive (EU) 2018/822 (“DAC6”) shall apply in the EU member states from 1 July 2020. It imposes new reporting requirements on certain types of tax transactions undertaken by taxpayers within the member states, sets out new rules for the exchange of information amongst tax authorities relating to information received regarding these tax arrangements and includes cross-border arrangements in the reporting obligations applicable retroactively to 2018.

Taxpayers with operations in any of the states will need to understand the impact of these rules, assess their activities and determine what to report, and to whom.
 

©2021 KPMG România SRL, a Romanian limited liability company and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.

 

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