Zoekresultaten

… legislative decree expected by end of March, followed by a second decree on hallmarks and guidelines (expected June 2019). Administrative penalty ranging from EUR2,000 to EUR21,000. The cross-border arrangement is to be considered as reportable even when the tax benefit arises in a third state — if effective exchange of information with Italy, provided that at least one of the participants is resident in Italy. ‒ Lithuania: draft law published end of November 2018. ‒ Netherlands: public … any member firm. All rights reserved. The challenge Mandatory disclosure requirements for intermediaries and relevant taxpayers penalties for non-compliance vary but can be very high (see Polish example) legal professional privilege might apply, therefore switching the reporting obligation onto the taxpayer the scope might vary across jurisdictions, i.e. an arrangement may not be reportable in one Member State but qualify in another timeline for implementation might vary; DAC6 only sets a minimum … or bind any member firm. All rights reserved. How to prepare and comply? Mandatory disclosure requirements for intermediaries and relevant taxpayers Phase 1 — the provision of training targeted training and briefing materials Phase 2 — evaluation workshops/initial risk assessment risk assess the various business functions Phase 3 — detailed review review reports of potentially reportable transactions Phase 4 — governance structure assistance Phase 5 — gap analysis for local implementation …