Volume 8 No 2    /    Read Article

By Werner Heyvaert and Vicky Sheikh Mohammad (Guest Author)

D.A.C.6 has gone live across Europe. On the surface, it provides a uniform European framework. In practice, however, the Directive’s national implementation by Member States differs in several key aspects. As a result, intermediaries and taxpayers are left in a quandary. They must chart their reporting path as to the interpretation of the Directive, while being under the threat of high penalties if the path ultimately results if a finding of noncompliance.

Over-reporting is not a solution, as it may contravene data protection and professional secrecy obligations. In light of the situation, many Member States are currently publishing their own administrative guidance on the interpretation of the Directive. In this article, the authors discuss the key features of the Belgian administrative guidance. They focus on the Explanatory Memorandum of the Belgian Law implementing the directive and the list of F.A.Q.’s recently published by the Belgian Revenue Service.

In their article entitled “European Union’s New Reporting Obligations for tax Intermediaries: Key Features of the Belgian Administrative Guidance – D.A.C.6,” Werner Heyvaert and Vicky Sheikh Mohammad of AKD Benelux Lawyers, Belgium, address key features of the Belgian administrative guidance and the list of Frequently Asked Questions recently published by the Belgian Revenue Service

The article is part of a nine-country survey of D.A.C.6 implementation published in the March edition of Insights, the international tax journal of Ruchelman P.L.L.C.   See more →