Mandatory disclosure of cross-border arrangements: How are Swiss-based international groups affected by DAC 6?
The latest amendment to the EU’s Directive on Administrative Cooperation (DAC 6) requires the mandatory reporting of certain cross-border tax arrangements and the subsequent automatic exchange of such information within the EU. DAC 6 is based on BEPS Action 12 and its purpose is to increase tax transparency by identifying arrangements that involve aggressive tax planning at an early stage.