As the Mandatory Disclosure Rules of DAC6 are still being interpreted by Member States, practitioners and advisors, the European Commission has adopted a new package of initiatives, including
- 25-step Action Plan to be implemented between now and 2024, addressing a fair and simple tax system with a focus on technology,
- DAC7, exchange of information by sellers on digital platforms, and
- Tax Good Governance in the EU and beyond, including a review of the EU list of non-cooperative jurisdictions
The tax package is well worth reading, especially the introduction of DAC7, which provides context for the manner in which tax rules and parliamentary procedures must be met prior to formal adoption.
EY’s Tax Alert provides a detailed summary, including links to the initiatives.