Council Directive (EU) 2018/822

EU Council has adopted Directive 20188/822 („Directive“) amending Directive 2011/16/EU with regards to mandatory automatic exchange of information in field of taxation in relation to reportable cross-border arrangements. The following segments provide key informationi:

Directive defines generic and specific „hallmarks“ of the arrangement, which present a strong indication of tax avoidance or abuse. The provisions apply to both related and unrelated party transactions, but further in detail separately define potentially agressive related party cross border arrangements. Tax authorities will automatically exchange information.

Taxpayer or intermediator will be obliged to file information on cross border arrangements within 30 days beginning:

• On the day after the reportable cross-border arrangement is made available for implementation;
• On the day after the reportable cross-border arrangement is ready for implementation;
• when the first step in the implementation of the reportable crossborder arrangement has been made; whichever occurs first.

Important dates:

Contacts

Dražen Nimčević

Partner
Tel: +385 1 2351 900
dnimcevic@deloittece.com

Natko Sertić
Partner
Tel: +385 1 2351 900
nsertic@deloittece.com

Petra Bulić
Senior Manager
Tel: +385 1 2351 900
pbulic@deloittece.com