Proposed EU Directive on Tax Intermediaries

On 13 March 2018, the Council has reached agreement on a proposal which is aimed at boosting transparency in order to tackle aggressive cross-border tax planning. The draft directive will require intermediaries such as tax advisors, accountants and lawyers that design and/or promote tax planning schemes to report schemes that are considered potentially aggressive.  EU member […]

Written By ACT Team

On April 5, 2018
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On 13 March 2018, the Council has reached agreement on a proposal which is aimed at boosting transparency in order to tackle aggressive cross-border tax planning. The draft directive will require intermediaries such as tax advisors, accountants and lawyers that design and/or promote tax planning schemes to report schemes that are considered potentially aggressive.  EU member states will be required to automatically exchange the information with each other so as to be able to identify new risks of tax avoidance at an early stage.

All EU Member States will have until 31 December 2019 to transpose it into national laws and regulations, while the new reporting requirements will apply as from 1 July 2020. Member states will be obliged to exchange information every three months, with the first automatic exchange of information to be completed by 31 October 2020.

How can we help?  

For further information, please contact one of the firm’s tax partners, Stephen Balzan on [email protected] or Elaine Camilleri [email protected]. ACT can help you understand the changes to the tax rules and how these can impact your business.  

Apart from its offices in St. Julian’s Malta, ACT operates from a second office in Gozo, which is situated in the capital city of Victoria.  For an appointment in our Gozo office, please call on 00356 21378672 or send us an email on [email protected].