AIMA: EU transparency rules on tax intermediaries

05 June 2018

The Council of the EU has adopted transparency rules to prevent aggressive cross-border tax planning. The rules target intermediaries such as tax advisers, accountants, and lawyers that design and/or promote tax planning schemes.

Intermediaries must report potentially aggressive schemes. Information received by the relevant authorities would be automatically exchanged through a centralised database. Non-compliance with the reporting requirements would lead to fines being imposed on intermediaries.

Full press release

Transparency rules

© AIMA - Alternative Investment Management Association