Reporting deadlines for cross-border arrangements (DAC6) postponed – Legal Notice published

Further to the announcement by the Office of the CfR in connection with the extension of the reporting deadlines under regulation 13 of the Cooperation with other Jurisdictions on Tax Matters Regulations (SL 123.127) (see MIT News 2 July 2020), the Cooperation with Other Jurisdictions on Tax Matters Regulations (SL 123.127) have been revised (LN 315 of 2020).

In summary, Regulation 13(7)(m) now provides that the deadline for filing information on reportable cross-border arrangements the first step of which was implemented between 25 June 2018 and 30 June 2020 is 28 February 2021.

A new Regulation 13 (12) provides that the 30-day period for filing information laid down in sub-regulation 13(7)(a) and (g) with regard to reportable cross-border arrangements made available for implementation/ready for implementation/advised upon as the case may be, between 1 July 2020 and 31 December 2020 shall begin by 1 January 2021. In the case of marketable arrangements, the first periodic report in accordance with sub-regulation 13(7)(b) shall be made by the intermediary by 30 April 2021.