On the road to DAC 6 compliance e-learning
The DAC 6 Law implements the fifth amendment to the EU Directive on Administrative Cooperation (DAC) into Luxembourg domestic law. It was inspired by the OECD-BEPS Action 12 report on mandatory disclosure rules.
DAC 6 concerns the mandatory automatic exchange of information relating to reportable cross-border arrangements.
2 versions available: bank and non-bank
Introduction
The DAC 6 Law implements the fifth amendment to the EU Directive on Administrative Cooperation (DAC) into Luxembourg domestic law. It was inspired by the OECD-BEPS Action 12 report on mandatory disclosure rules.
DAC 6 concerns the mandatory automatic exchange of information relating to reportable cross-border arrangements.
It involves the disclosure of “potentially aggressive tax planning arrangements” to the tax authorities of an EU Member State, followed by the automatic exchange of this information between the tax authorities of Member States. Under the DAC 6 Law, Luxembourg intermediaries and, in some cases, taxpayers are required to disclose certain information about reportable cross-border arrangements to the Luxembourg tax authorities within specific timeframes.
Learning objectives
- Understand the background and purpose of DAC 6 legislation
- Identify persons subject to reporting or notification obligations, and reportable cross-border arrangements under DAC 6 Law
- Recognise the reporting obligations and timelines specified in DAC 6 Law
- Evaluate the potential implications and penalties for non-compliance with DAC 6 Law
- Apply knowledge of DAC 6 Law requirements to real-life scenarios or case studies
How does it work?
- Acquire a global view of DAC 6 Law fundamentals such as the concepts of intermediary and taxpayer, what is a reportable cross-border arrangement or reporting obligations and procedures
- Check your newly acquired knowledge progressively
- Apply the newly acquired principles to real-life cases
Main features:
- Fully digital with video animations and incorporated audio narration
- Real-life scenarios and practical cases
- Flexible: learn at your own pace and time
- Course design: modern and light
- Final assessment & downloadable useful materials
Duration
60 minutes
Target Audience:
Employees and executives, legal officers, corporate lawyers who would like to familiarise themselves with DAC 6 Law.
For more information please contact us by e-mail institute@arendt.com