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Due to the COVID-19 pandemic, the European Commission (EC) published a proposal on May 8 for a Council Directive amending Directive 2011/16/EU on administrative cooperation in the field of taxation (DAC). The proposed Directive sets out deferrals of the reporting and exchanging of information deadlines for financial account information under DAC2 (EU Common Reporting Standard, or CRS) and for mandatory disclosure rules under DAC6 (‘EU MDR’). For a complete overview on DAC6, please refer to our PwC Insight.

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