Adrian Luca – TPSSilviu Badescu – NNDKP

Seminar Bucuresti, 5 Februarie 2020

DAC6 Seminar

Sursa: Internet

§ Each tax administration has its own vision on how to interpret the “most interpretable” directive – i.e. DAC6 (e.g. can one arrangement be reportable in one jurisdiction and not-reportable in the other jurisdiction?);

§ Legal professional privilege may lead to competition issues among liberal professions in some EU member states;

§ “Associated enterprises” definition (see also impact on E.3), different interpretation of the term “cross border arrangement”, “value of the arrangement”, “payment” etc.;

§ DAC6 penalties are not aligned with CbCR penalties;

§ DAC6 is preparing the level field for tax harmonization and the implementation of CC(C)TB;

§ Other challenges (e.g. over reporting, arrangements designed after 25 June 2018 but not implementedyet etc.).

DAC 6

EU member states implementation status

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DAC 6 Status of implementation in EU [28]

Colour on map Status: No. of countries Country codes

Draft legislation 7 CZ, IT, LV, LU, PT, ES, SE

Consultation process 1 CY

DAC 6 legislation adopted 19 AT, BE, BG, HR, DK, EE, FI, FR, DE, HU, IE, LT, MT, NL, PL, RO, SK, SI, GBNo draft legislation available 1 GR

TOTAL 28

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Taxes covered – Local deviations

Colour on map Taxes Covered No. of countries Country codes

Direct taxes 24 AT, BE, BG, CY, CZ, DE, DK, EE, ES, FI, FR, GB, HR, HU, IE, IT, LT, LU, MT, NL, RO, SE, SI, SK

Direct and indirect taxes 2 PL, PT

No information available 2 GR, LV

TOTAL 28

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Cross-border & domestic arrangements – Local deviations

Colour on map Domestic transactions No. of countries Country codes

Only cross-border arrangements 24 AT, BE, BG, CY, CZ, DE, DK, EE, ES, FI, FR, GB, HR, HU, IE, IT, LT, LU, MT, NL, RO, SE, SI, SK

No information publicly available 2 GR, LV

Domestic transactions also included 2 PL, PT

TOTAL 28

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Have any additional hallmarks been added? – Local deviations

Colour on map Additional hallmarks No. of countries Country codes

Hallmarks aligned with the Directive 24 AT, BE, BG, CY, CZ, DE, DK, EE, ES, FI, FR, GB, HR, HU, IE, IT, LT, LU, MT, NL, RO, SE, SI, SK

No information publicly available 2 GR, LV

Additional hallmarks implemented 2 PL, PT

TOTAL 28

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LPP - Legal professional privilege

LPP status No. of countries Country codes Exemption granted for more categories of intermediaries 13 AU, BE, HR, CZ, EE, FI, FR, DE, MT, NL, PL*, SK, ES

No information publicly available 3 GR, IR, LV

Exemption granted only for law firms 10 BG, CY, DK, HU, IT, SI, SE, GB, LU, RO

No exemption 2 LT (explanation expected in detailed regulations), PT*

TOTAL 28

* In Portugal, law-firms are challenging the non-LPP.

** Article 65 of the Polish Constitution guarantees the professional secrecy of the lawyers and their freedom of performing their activity. Also, in Poland LLP is not applicable for “marketable arrangement”.

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Details of DAC 6 penalties in each EU[28] jurisdiction

Ranking Top 5 countries in maximum penalties Maximum penalty (EUR)

1. Poland 5.000.000

2. Netherlands 830.000

3. Luxembourg 250.000

4. Slovenia 150.000

5. France 100.000

Note: The chart does not include Poland.

DAC 6 general requirements regardingpenalties to be implemented in each EU [28]country:

q effectiveness;

q proportionality with fees (forintermediaries) and tax savings generatedby tax schemes (for taxpayers);

q to be dissuasive.

The penalties from Finland (legislation enacted) and Spain (draft legislation) are in line with the proportionalityprinciple stated by DAC 6, as the penalties from these two countries are fixed in accordance with the fiscal benefitgenerated by the arrangements.

Country Maximum penalty

Finland Maximum of the fees (intermediaries) or value of the tax savings (taxpayers)

Spain Value of the tax impact of the agreement

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Countries where additional guidance is availableSome examples of countries that issued additional guidance regarding the local EU MDR implementation are:

q UK (http://www.legislation.gov.uk/uksi/2020/25/pdfs/uksiem_20200025_en.pdf);

q Poland (https://www.podatki.gov.pl/mdr/objasnienia-podatkowe-mdr/);

q Austria (https://www.parlament.gv.at/PAKT/VHG/XXVI/ME/ME_00150/imfname_751457.pdf);

q Sweden (https://www.regeringen.se/4ae6db/contentassets/01c19176a1204b7e84057c83c4f2e4d3/genomforande-av-eus-direktiv-om-automatiskt-utbyte-av-upplysningar-som-ror-rapporteringspliktiga-gransoverskridande-arrangemang.pdf);

q Poland (available https://mf-arch2.mf.gov.pl/c/document_library/get_file?uuid=864af355-652d-402d-93c6-ee9b905109c0&groupId=764034);

q Germany (http://dip21.bundestag.de/dip21/btd/19/158/1915876.pdf);

q Slovakia (https://www.nrsr.sk/web/Dynamic/DocumentPreview.aspx?DocID=467438);

q Netherlands (https://zoek.officielebekendmakingen.nl/kst-35255-3.html).

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BEPS – BE PREPARED TO SWITCH!

WHAT WE WITNESS IS THE NEW NORMAL

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DAC6 - ROMANIA

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INTERMEDIAR

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CONTRIBUABIL RELEVANT

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SECRETUL PROFESIONAL

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SEMNE DISTINCTIVE

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PROCESE

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SOLUTIA AUTOMATIZATA DE RAPORTARE DAC6

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INTREBARI SI RASPUNSURI

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MULTUMIM

ADRIAN LUCAadrian.luca@transferpricing.ro+40742.159.142

SILVIU BADESCUsilviu.badescu@nndkp.ro+40722.724.920

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