Malta: Annual report for exchange of information under mandatory disclosure rules (DAC6)
A “simplified” annual report—to be submitted by non-disclosing intermediaries involved in reportable cross-border arrangements
Annual report for exchange of information under mandatory disclosure rules (DAC6)
The Commissioner for Revenue on 11 November 2021 published a “simplified” annual report—to be submitted by non-disclosing intermediaries involved in reportable cross-border arrangements.
The annual report is within the context of the mandatory disclosure rules (DAC6). Accordingly, such arrangements would need to be reported by other intermediaries or the taxpayers themselves.
The deadline for the submission of these reports will be the end of February of every year. Therefore, the first deadline—covering reportable cross-border arrangements when the trigger point for reporting occurred up to 31 December 2021—will be 28 February 2022, and non-disclosing intermediaries must include with this first annual report, any reportable cross-border arrangements in which they were involved as from 25 June 2018.
Read a November 2021 report prepared by the KPMG member firm in Malta
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