Virus Pushes EU to Propose Delaying Tax Disclosure Deadlines (2)

The European Commission wants to give countries, companies, and tax advisers more time to comply with an EU directive on reporting cross-border tax arrangements as they deal with the pandemic.

The European Union directive known as DAC6 requires tax advisers and companies to report some of those arrangements to tax authorities in EU member states. Countries would then exchange the information to spot problematic tax arrangements more quickly.

Under the proposed extension announced Friday, DAC6 would still apply as of July 1, but other reporting deadlines for companies and deadlines for information exchange for countries would be deferred three ...