Commission welcomes adoption of far-reaching new transparency rules for tax advisers in the EU

The European Commission has welcomed the political agreement reached by EU Member States today on new transparency rules for intermediaries - such as tax advisers, accountants, banks and lawyers - who design and promote tax planning schemes for their clients.

The decision was taken by EU Economic and Financial Affairs ministers at their meeting in Brussels this morning. First proposed by the Commission in June 2017, the new measures build on a multitude of ambitious rules to fight tax avoidance and to boost tax transparency already agreed at EU level under the Juncker Commission.

The new reporting requirements will enter into force on 1 July 2020, with EU Member States obliged to exchange information every 3 months after that. The first exchange willl take place by 31st October 2020.

Press release


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