Duty to report cross-border constructions for intermediaries
Effective date: 1 January 2021
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What changes?
Do you work as an intermediary? For instance as a tax adviser or accountant? Then you must report cross-border constructions that may be used to evade taxes to the Tax and Customs Adminstration (Belastingdienst) This is a result of the European Mandatory Disclosure Rules (MDR)/DAC6.
In some cases entrepreneurs must report such cross-border constructions themselves.
You will have to provide information on any relevant constructions dating back to 25 June 2018. If you know of any cross-border constructions set up to avoid tax and you don't report it, you may be fined or prosecuted.
For whom?
- Tax advisers
- Accountants
- Banks
- Trust offices
- Attorneys
- Notaries
- Entrepreneurs involved in cross-border constructions
When?
The act implementing the EU directive concerning reportable cross-border arrangements will come into effect on 1 January 2021.