Almost three years after the approval of the Council Directive (EU) 2018/822, regarding the mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements, in April 2021 the transposition process of the so-called ‘DAC6’ was finally completed in Spain.
While the wording of the transposition rules introduces little deviation from the previous drafts, various and relevant uncertainties posed by this new reporting obligation remain unsolved in the regulations approved.
Spanish DAC6 transposition rules have been enacted by way of Law 10/2020 of December 29 2020, which regulates the basic features of this new reporting obligation and establishes the applicable penalties in case of default.
Source International Tax Review
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