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A number of EU Member States, including Belgium, Hungary, Luxembourg and Sweden, have announced that they will provide for, and, in the case of Hungary, are considering to provide for, a deferral in their domestic legislation in connection with the original filing deadlines as laid down in Council Directive (EU) 2018/822 of 25 May 2018 amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements (“DAC6”).

These recent announcements and statements by Member States follow and reference the political agreement that was apparently reached behind closed doors on 3 June 2020 by the 27 ambassadors to the European Union in the Council’s COREPER II (the body preparing the Council meetings) on the European Commission’s proposed amendment to DAC6 of 8 May 2020. The agreement in COREPER deviates from the Commission’s proposal.