France implements DAC6

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October 2019

Overview

The French government on October 21, adopted Ministerial Order #2019-1068 (‘the Order’) transposing into French law the EU Council Directive 2018/822/EU on cross-border tax arrangements (‘DAC6’ or ‘EU MDR’). DAC6 has been in force since June 25, 2018.

The Order was published in the French Legal Gazette on October 22, 2019.

The Order’s provisions take effect July 1, 2020, with specific transitional measures applicable to arrangements implemented between June 25, 2018 and June 30, 2020.

The takeaway

Taxpayers and intermediaries operating in France and in Europe need to understand the importance and impact of DAC6.  Impact assessment, analysis and timely action are needed to ensure compliance on and after July 1, 2020. The use of technology through appropriate data and reporting tools will be key to satisfying these multiple new reporting requirements in a coordinated manner.

 

Contact us

Doug McHoney

International Tax Services Leader, PwC US

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