This online course will be conducted in Englisch and is accredited by Holland Quaestor.
The European Mandatory Disclosure Directive (DAC6) is effective since June 2018. Based on this Directive intermediary, such tax consultants, lawyers, notary and trust officers are obliged to disclose potentially aggressive cross border tax structures to the Tax Authorities. The term “potentially aggressive tax structure” should interpreted broadly, so that many structures will be covered by the Directive!
Notification must take place within thirty days after the construction is ready or available for implementation. Annoying caveat: the first reporting date is January 1st 2021, but intermediary must monitor their cross-border for reporting as of June 25, 2018!
Reason enough to focus on the scope of the directive and the possible consequences for trust officers. What and when to report? What does this mean for the client? What impact does this have on advising director major shareholders / high net worth individuals?