Russia on the list on non-cooperative jurisdictions: tax implications for Czech companies
With effect from 21 February 2023, the Council of the EU extended the list of non-cooperative jurisdictions for tax purposes to include the British Virgin Islands, Costa Rica, the Marshall Islands, and Russia. For the first time, this may have wider…
GFD’s new information on reporting obligation under DAC 6: practical part
The General Financial Directorate (GFD) has published a new list of questions and answers on the reporting obligation for cross-border arrangements (DAC 6 reporting). Below we summarise the most relevant information from the practical part of these…
GFD releasing new information on reporting obligation under DAC 6
The General Financial Directorate (GFD) has published a new list of questions and answers on the obligation to report cross-border arrangements (reporting under DAC 6), which complements the December 2020 document and sheds new light on this…
The GFD issues additional information on reporting under DAC 6
The General Financial Directorate (GFD) has published a list of questions and answers on the new obligation to report cross-border arrangements (DAC 6 reporting).
Reporting under DAC 6 postponed in the Czech Republic and other EU member states
The Czech Republic has utilised the option to postpone reporting duties arising from DAC 6 until the first months of 2021, as made possible by the COVID-19 DAC amendment adopted in response to the COVID-19 pandemic. Notably, some EU member states…
When shall we report under DAC 6 for the first time?
The first-time reporting of cross-border arrangements, originally planned to occur already this summer, will be postponed, most likely to the beginning of the next year: the legislative process implementing DAC 6 has been delayed, and the amendment…
Cross-border transaction reporting duty is heading to Chamber of Deputies
An amendment to tax legislation for 2020, also covering the implementation of DAC 6, is heading to the Chamber of Deputies. It introduces a new information duty regarding cross-border arrangements. The latest draft amendment includes new changes…
Czech reporting of cross-border transactions
The Ministry of Finance has submitted a draft amendment to tax legislation for 2020 for comments. The amendment includes, among other things, the implementation of DAC 6 and the introduction of reporting duties relating to selected cross-border…
Reporting cross-border transactions
On 5 June 2018, DAC 6 was published in the EU Official Journal. It introduces a new reporting duty and automated information exchange for cross-border arrangements motivated by obtaining a tax advantage.
Tax planning may be subject to reporting duty
In mid-March, the ECOFIN Council reached political agreement on the rules requiring intermediaries (tax advisors, attorneys, other advisors) or taxpayers to disclose information on potentially aggressive cross-border tax planning arrangements. This…