Important update: DAC6 deadlines confirmed by German tax authorities

In our blog article dated May 29, 2020, we discussed that the European Commission had confirmed in April 2020 that deadlines for DAC6 reporting would not be extended. This has been confirmed by the German tax authorities during a press conference on 6 July 2020, despite the subsequent hopes that deadlines were extended by six months.

This means that effective from July 1, 2020, taxpayers in the EU are required to report on cross-border tax planning activities within 30 days from the day they started. Transactions and arrangements between June 25, 2018 and June 30, 2020 must be reported by August 31, 2020.

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