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On 24 September 2018, EU Member States dedicated the entire meeting of the European Commission (EC)’s Working Party IV to seeking more clarity from the EC concerning the interpretation of Council Directive 2018/822/EU 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 (commonly referred to as DAC6).

The EC confirmed that the views expressed during the meeting cannot be regarded as a legally binding interpretation of the Directive. However, they provide valuable feedback on some key provisions of the Directive.

Read more in the attached PwC EU Direct tax newsalert.