What are the OECD's Mandatory Disclosure Rules (MDR)?
The OECD's BEPS Action 12 is a set of principles around Mandatory Disclosure Rules. To date, the OECD has only developed model rules around Common Reporting Standards (CRS) avoidance and opaque structures. EU member states have implemented OECD’s BEPS Action 12 through DAC6. The UK announced that as part of the Brexit agreement, they would be transitioning from DAC6 to international rules and introducing their own UK MDR.
VinciWorks' MDR reporting solution provides firms and multinational businesses with the expertise, knowledge and technical infrastructure to comply with the MDR regulations in all relevant countries. The tool uses a built-in knowledge engine to guide users through the MDR process and recommends which transactions should be reported.