Tax Flash no.11/2020 – Extension of the DAC 6 reporting deadline
Emergency Ordinance no. 107/ 2020 regarding the amendment of art. II of Ordinance no. 5/2020 for the amendment and completion of Law no. 207/2015 on the Fiscal Procedure Code and for the extension of certain deadlines was published in the Official Gazette 579/2020
The reporting deadlines for cross-border arrangements provided for in Directive 2018/822 amending Directive 2011/16 regarding the automatic mandatory exchange of information in the fiscal field regarding the cross-border arrangements that are subject to reporting (“DAC 6”) are extended:
- February 28, 2021 is the new submission deadline, in the case of arrangements whose first step in the implementation process was made between June 25, 2018 and June 30, 2020 (the initial deadline was August 31, 2020);
- the 30-day reporting period shall start to run no later than 1 January 2021, in the case of arrangements made available for implementation, that are ready for implementation, or for which the first step in the implementation process is completed between 1 July and December 31, 2020 (the initial deadline was July 1, 2020) and
- the first periodic report regarding marketable arrangements is submitted by April 30, 2021
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