The European Union has introduced mandatory disclosure requirements for certain types of ‘disclosable transactions’ (i.e. cross-border tax transactions) undertaken by taxpayers with effect from 1 July 2020. These rules have retroactive effect (i.e. apply to transactions with effect from 25 June 2018). Due to the impact of COVID-19 pandemic, the original filing deadlines have been deferred by the Revenue Commissioners for six months.
In this briefing, we cover:
- Transactions in Scope:
- Cross border requirement
- ‘Reportable arrangements’ – the ‘hallmarks’
- What are the reporting obligations?
- Penalties for non-compliance
- The impact of these new requirements on insurers, reinsurers and (re)insurance intermediaries with operations in the European Union
Click here or on the image below to download our briefing.
Recommended Insights
Article and Insights
30
Jul 2024
The first half of the year has seen two very different trends in the Irish M&A mar...
![WF_author_blank](https://www.williamfry.com/wp-content/themes/williamfry/dist/images/WF_author_blank.png)
Partner
Stephen Keogh
Article and Insights
25
Jul 2024
Knowledge and education in relation to AI is essential in order to deploy it prope...
![WF_author_blank](https://www.williamfry.com/wp-content/themes/williamfry/dist/images/WF_author_blank.png)
Partner
Barry Scannell
Announcement
1
Jul 2024
William Fry is pleased to announce the appointment of Stephen Keogh as the firm’s ...
![WF_author_blank](https://www.williamfry.com/wp-content/themes/williamfry/dist/images/WF_author_blank.png)
Chairperson
Liam McCabe
Article and Insights
18
Jul 2024
This article provides a practical guide to compliance with the AI Act's regulation...
![WF_author_blank](https://www.williamfry.com/wp-content/themes/williamfry/dist/images/WF_author_blank.png)
Partner
Barry Scannell
Article and Insights
25
Jul 2024
Five key items ESMA wants to change in the sustainable finance framework as per it...
![WF_author_blank](https://www.williamfry.com/wp-content/themes/williamfry/dist/images/WF_author_blank.png)
Partner
Nessa Joyce
prev
next