Measure implemented to mitigate the effects of COVID-19
The Commissioner for Revenue (‘CfR‘) has published a notice notifying interested parties that the first DAC6 reporting deadlines under SL 123.127 (‘Cooperation with Other Jurisdictions on Tax Matters Regulations’) have been deferred by six months.
In its notice, the CfR stated that the decision was taken to allow taxpayers and intermediaries dealing with the impact of COVID-19 pandemic additional time to ensure they can comply with their obligations.
The CfR clarified that in light of this deferral, “reporting systems in relation to reportable cross-border arrangements will be made available to taxpayers and intermediaries ahead of the new, deferred deadlines”.
