On August 19, 2022, the Finnish Ministry of Finance published information on the reporting of mandatory disclosure (DAC6) arrangements in Finland, based on the experiences of tax experts, lawyers, reporting companies and interest groups. The report published highlights that, while the number of reported arrangements in Finland was lower than expected, the DAC6 requirements gave rise to a significant increase in compliance costs for companies. The report also clarifies that an extension of the scope of the DAC6 reporting requirements to cover domestic arrangements in Finland is not considered appropriate.
For more information, please refer to the Finnish Ministry of Finance report (in Finnish).
Source KPMG
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