VATupdate

EU Mandatory Disclosure Rules – An update on local country implementation status and trends

Under the Directive, the disclosure regime applies to all taxes except value added tax (VAT), customs duties, excise duties and compulsory social security contributions. However, under the domestic legislation, both the Polish law and the Portugal proposed legislation have extended the scope of the reporting required under the Directive to include VAT in the definition of ”Covered Taxes” with respect to domestic arrangements.

Source: EY