The EU directive on administrative cooperation in the field of taxation, better known as DAC 6, was implemented into the Czech legislation which came into force on 1 September 2020. The newly-passed amendment remains unchanged from the draft of the amendment, about which we informed in the Newsletter 11/2019.
However, related to the pandemic situation, a new amendment of the EU directive known as DAC 6 – Covid, which allows prolongation of reporting deadlines, was adopted. In connection with this, the Czech Government reacted by passing a new government regulation which came into force on 25 September 2020.
This new regulation set new deadlines for the reporting of certain cross-border transactions in the Czech Republic:
The new deadlines for the reporting obligation related to the disclosure of cross-border transactions will be as follows:
- Cross-border arrangements where the first step of their implementation was carried out between 25 June 2018 and 30 June 2020 has to be reported by 28 February 2021.
- Cross-border arrangements where the first step of their implementation was carried out after 1 July 2020 must be reported by 30 January 2021.
- Cross-border arrangements which were opened for implementation, prepared for implementation, or in which the first step of their implementation has been taken by 31 December 2020 have to be reported by 30 January 2021.
- Cross-border arrangements where the second intermediary (him/herself or through another person or entity without legal personality) provided support, help or advisory until 31 December 2020 have to be reported by 30 January 2021.
- Changes of information about a standardized cross-border arrangement which took place by 31 December 2020 have to be reported by 30 April 2021.
If you are interested, we will be pleased to offer you further information. Contact our specialists:
Ing. Jan Soška, LL.M. (jan.soska@tpa-group.cz),
Ing. Kateřina Mikulková (katerina.mikulkova@tpa-group.cz).
