|Author (Corporate)||Council of the European Union|
|Series Title||Official Journal of the European Union|
|Series Details||L 204, Pages 46-48|
Directive (EU) 2020/876 - adopted by the Council of the European Union on 24 June 2020 - amending Directive 2011/16/EU to address challenges relating to the exchange of information in the field of taxation as a result of the COVID-19 (coronavirus) pandemic.
Directive 2011/16/EU - also known as Directive on Administrative Cooperation (DAC) - lays down rules and procedures to be applied by EU national authorities when exchanging information on tax matters. Its latest amendment was introduced by Directive (EU) 2018/822 (DAC6).
In light of the impact of the pandemic, a number of EU Member States and persons liable to report information under that Directive requested the deferral of certain deadlines for the filing and exchanging of information. While the deferral became justified as a result of the disruption caused by the coronavirus outbreak, its length should not disrupt the established structure and functioning of the Directive.
The European Commission tabled the proposal amending the Directive to include the provisions for deferral on 8 May 2020. The European Parliament adopted its consultative position on 19 June. The Council of the European Union signed off the draft law on 24 June, which was published in the Official Journal on 26 June.
|Subject Tags||Tax Systems|
|International Organisations||European Union [EU]|