Deadline for non-disclosing intermediaries is 12 January 2021
The Commissioner for Revenue (‘CfR‘) issued a notice today stating that the deadline for non-disclosing intermediaries to notify third-party intermediaries or taxpayers involved in reportable cross-border arrangements is 12 January 2021.
Under SL 123.127 (‘Cooperation with Other Jurisdictions on Tax Matters Regulations‘), certain intermediaries may waive their obligation to disclose and report reportable cross-border arrangements. Intermediaries wishing to benefit from such right must however notify any other intermediary or the relevant taxpayer of their reporting obligation, which notification must be made by not later than 12 January 2021.
