European Commission paper offers guidance on hallmarks making cross-border arrangements reportable under new mandatory transparency rules

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10 July 2018

European Commission paper offers guidance on hallmarks making cross-border arrangements reportable under new mandatory transparency rules

The Council of the European Union (EU) Directive 2018/822 of May 25, ending Directive 2011/16/EU regarding mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements (the Directive), entered into force on June 25. The Directive sets forth rules on the mandatory disclosure and automatic exchange of certain cross-border reportable arrangements.

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

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Document ID: 2018-1368

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