Strategizing International Tax Best Practices – by Keith Brockman

The final legislation was recently enacted, although silent on the optional 6-month DAC6 deferral period.  Additionally, some highlights include:

  • Domestic arrangements are included, withThe guidance VAT
  • Additional hallmarks from draft legislation have been removed
  • Hallmark E1, unilateral safe harbors, does not include those specified in the OECD guidelines
  • Specified penalty amounts are provided

The DACD6 guidelines for Member States are emerging rapidly, and taxpayers/intermediaries will need to react accordingly.

https://www.ey.com/en_gl/tax-alerts/portugal-publishes-final-legislation-to-implement-mandatory-disclosure-rules

 

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