Estonia published 2 regulations for the implementation of the DAC6 requirements on reportable cross-border tax planning arrangements in the official gazette.
These regulations are based on the amendments to the Tax Information Exchange Act, accepted by law on December 18, 2019. This law entered into force on January 1, 2020 and the requirements will apply from July 1, 2020.
The first regulation concerns the criteria for cross-border schemes. It establishes criteria for cross-border schemes, which refer to the potential risk of taxation, exchange of information on financial accounts or identification of beneficial owner referred to in § 20 8 of the Tax Information Exchange Act.
The regulation describes:
This regulation shall apply from January 1, 2020.
The second regulation concerns amendments of regulation no. 16 of the Minister of Finance of May 19, 2015 "Form of Declaration according to the Tax Information Exchange Act and Establishment of the Procedure for Submission and Completion thereof". The required information is listed in Annex 16 and attached to the regulation. This regulation shall apply from January 1, 2020.
Do you want to know more about DAC6? TPA hosts the webinar "How To Deal With Uncertain Tax Positions And The Mandatory Disclosure Under DAC6?" On January 30. For more information and free registration go to: TPA webinars