The Council of the European Union, revised Directive 2011/16/EU in considerations with the mandatory automatic exchange of data information in the area of taxation concerning reportable cross-border arrangements, known as ‘DAC6’ or Mandatory Disclosure Rules (MDR) Directive. DAC6 applies to cross-border tax arrangements, which meet one or more specified characteristics (hallmarks), and which concern either more than one EU country or an EU country and a non-EU country.
Universal Regtech Solution’s DAC 6 reporting tool is a secured SaaS-based solution that enables businesses to take control of the newly implemented EU Directive 2018/822 on Administrative Co-operation (DAC 6) reporting obligations. Built with country-specific repository of hallmarks and a robust governance framework, the solution enables businesses to assess and identify reportable cross-border arrangements along with relevant intermediaries in a structured format with automated report generation and submission capabilities, avoiding financial and reputational risk of non-compliance.
Key Attributes
Value Delivered
Supports Multiple DAC6 formats
Supports various reporting formats such as XML, PDF, XLS, HTML with flexibility to manage rule changes.
Proven Reporting Capabilities
Identify, capture and monitor qualified reportable cross-border obligations in the prescribed formats by tax authorities.
Cost & Risk Management
Manage rules repository and automatically flag reportable clients to report cross-border arrangements.
Specialized Reporting Guidelines
In-built country-specific hallmarks and collaboration with stakeholders to finalize reportable arrangements.
Transparency & Reliability
Complete audit trail with multiple year submission history of reportable cross-border obligations.
Automated Reporting
Automated report generation and submission capabilities
Updates
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