On 29 July 2020 the Greek Parliament adopted the bill implementing the 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 (the so-called “DAC6”) into the local legislation.
The provisions will take effect retroactively as of 1 July 2020, with specific transitional measures applicable to arrangements implemented between 25 June 2018 and 30 June 2020.
No official guidance has been published (or announced) by the Greek tax authorities at this stage. Certain open questions would remain in practice, especially with respect to the interpretation of some of the rather widely defined hallmarks.
