Commissioner for Revenue publishes DAC6 XML Schema

Deloitte Malta Tax Alert

17 November 2020

The Commissioner for Revenue has published the DAC6 XML Schema and the DAC6 XML Schema User Guide to be utilised by taxpayers and intermediaries for filing information in relation to reportable cross-border arrangements in terms of the Cooperation with Other Jurisdictions on Tax Matters Regulations, Subsidiary Legislation 123.127.

DAC6 aims to provide Member States tax authorities with additional information in order to assist them to more rapidly close perceived loopholes in tax legislation and harmful tax practices. Taxpayers and intermediaries entering into or advising on cross border arrangements involving EU jurisdictions will need to monitor where reporting will be required and disclose as necessary. Following the transposition of DAC6 into Maltese law through Legal Notice 342 of 2019, Malta effectively extended the first DAC6 reporting deadlines because of the COVID-19 pandemic by 6 months through Legal Notice 315 of 2020.

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