{"id":6127,"date":"2020-09-08T06:19:51","date_gmt":"2020-09-08T06:19:51","guid":{"rendered":"https:\/\/hasch.lcmx.at\/newsletter\/newsletter-09-2020-meldepflichten-nach-dem-eu-meldepflichtgesetz\/"},"modified":"2023-11-30T09:16:15","modified_gmt":"2023-11-30T09:16:15","slug":"newsletter-09-2020-reporting-obligations-under-the-eu-reporting-act","status":"publish","type":"newsletter","link":"https:\/\/www.hasch.eu\/en\/newsletter\/newsletter-09-2020-reporting-obligations-under-the-eu-reporting-act\/","title":{"rendered":"NEWSLETTER 09-2020: REPORTING OBLIGATIONS UNDER THE EU REPORTING ACT"},"content":{"rendered":"<p>Based on the <strong>EU MPfG<\/strong>, which came into force on July 1st, 2020, tax arrangements that relate to more than one EU member state or to one member state and a third country are sometimes subject to national <strong>reporting<\/strong>. Tax and legal advisors, banks and financial service providers are particularly affected by the reporting obligation.<\/p>\n<p>&nbsp;<\/p>\n<p>The wording of the law is also very broad, meaning that numerous designs can be covered. In addition, this <strong>reporting obligation also applies retroactively<\/strong> to arrangements since June 25, 2018.<\/p>\n<p>&nbsp;<\/p>\n<p>The first reporting deadlines now expire on October 31, 2020 at the latest. For this reason, but also due to the significant financial penalties for violations of the reporting obligation, you should deal with these <strong>new compliance requirements<\/strong> as soon as possible.<\/p>\n<p>Due to the freedoms within the European Union, capital and people can move relatively freely, which means that cross-border arrangements have been and are increasingly being chosen, some of which also serve the purpose of maximum tax avoidance.<\/p>\n<p>&nbsp;<\/p>\n<p>Since this is not in the interest of the member states, an EU directive on the reporting obligation and the mandatory exchange of information for such arrangements was issued some time ago [Directive RL (EU) 2018\/822 amending RL (EU) 2011\/16 (Administrative Assistance Directive) regarding the mandatory automatic exchange of information in the area of \u200b\u200btaxation on reportable cross-border arrangements (&#8220;DAC 6&#8221;)].<\/p>\n<p>&nbsp;<\/p>\n<p>The EU member states were obliged to implement this directive into national law by December 31, 2019 at the latest. In Austria this obligation was met with the<br \/>\ncomplies with the EU Mandatory Reporting Act (&#8220;<strong>EU-MPfG<\/strong>&#8220;), which was passed by the National Council on September 19, 2019 and came into force on July 1, 2020.<br \/>\nYou can find out more about this in <a href=\"http:\/\/hasch.eu.dedi2098.your-server.de\/files\/NEWSLETTER_09-2020.pdf\">our newsletter<\/a>.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-6127","newsletter","type-newsletter","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NEWSLETTER 09-2020: REPORTING OBLIGATIONS UNDER THE EU REPORTING ACT - Hasch<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hasch.eu\/en\/newsletter\/newsletter-09-2020-reporting-obligations-under-the-eu-reporting-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NEWSLETTER 09-2020: REPORTING OBLIGATIONS UNDER THE EU REPORTING ACT - Hasch\" \/>\n<meta property=\"og:description\" content=\"Based on the EU MPfG, which came into force on July 1st, 2020, tax arrangements that relate to more than one EU member state or to one member state and a third country are sometimes subject to national reporting. 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