DAC6 is a European directive aimed at reducing international tax evasion and promoting transparency. It requires lawyers, accountants, tax advisers, bankers and other “intermediaries” to report some aggressive cross-border tax arrangements. Multinational businesses might also be required to report transactions in circumstances where no external intermediary is able to report. These “mandatory disclosure requirements” (MDR) are for tax transactions that cross EU borders, where it seems that the primary purpose of the transaction is a tax advantage.
VinciWorks has consulted tax experts across Europe and brought together over 100 international law and accounting firms to develop best-practice for DAC6. The result is an end-to-end compliance solution for DAC6 that not only fulfils firms' reporting and training needs, but includes guides, webinars and regular DAC6-focussed newsletters.