Identify and report cross-border business arrangements to comply with DAC6 tax disclosure directives and MDRs and avoid costly penalties for your corporation

Taxing authorities worldwide are continuing to adopt and implement new cross-border tax rules and transparency requirements. At the forefront is the mandatory requirement to report qualifying cross-border tax arrangements, also known as EU DAC6 Directive 2018/822.

According to the DAC6 directive, tax-compliant companies must disclose business arrangements with at least one EU country that falls within one of several categories indicating a potential risk of tax avoidance (“DAC6 hallmarks”). In addition to transactions with EU Member States, Mandatory Disclosure Regime (MDR) rules are being implemented across regions worldwide, notably in Latin America. Both DAC6 and MDR directives impose heavy fines for non-compliance as well as reputational risk for companies. You must act immediately to become tax compliant, and fulfill both retroactive and current reporting obligations to disclose cross-border business arrangements. 

Thomson Reuters DAC6 & MDR Reporter powered by Orbitax is a comprehensive, secure, enterprise-wide solution for identifying and accurately reporting reportable cross-border arrangements. It enables companies to plan for compliance immediately, and reduces time-consuming workflows and manual intervention. The DAC6 & MDR Reporter currently provides coverage for the following countries:

• DAC6: All 27 EU Countries, UK and Gibraltar
• MDR: Mexico and Argentina

Features

• **Comprehensive lists on compliance deadlines: **Track DAC6 cross-border tax arrangements & Mandatory Disclosure Regime reporting deadlines for each country and assign related tasks.
• **Auto-populate DAC6 and MDR reporting forms: **Complete required tax forms in the required format for disclosure and filing including e-filing in all supported jurisdictions including France, Germany.
• **Automatically flag arrangements: **Automatically capture and flag cross-border business arrangements and transactions for tax reporting.
• **Robust collaboration and reporting tools: **Collaborate with stakeholders for data gathering and to finalize reportable cross-border arrangements.