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29 May 2018

EU Council adopts Directive on new mandatory transparency rules for intermediaries and taxpayers

The Council of the European Union (the Council and the EU, respectively) formally adopted the Directive amending Directive 2011/16/EU on May 25, regarding mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements (the Directive). The content of the adopted Directive corresponds to that agreed by the Economic and Financial Affairs Council of the European Union (ECOFIN) on March 13.

A Global Tax Alert, attached below, provides additional detail.

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Document ID: 2018-1114

 

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