In March I already wrote on the new reporting rules for intermediaries. Today the European Council announced that new rules were adopted. Member States will have until 31 December 2019 to transpose it into national laws and regulations. The new reporting requirements will apply from 1 July 2020.
Though in the European communication it is suggested that the rules are only relevant for tax advisors, accountants and lawyers that design and/or promote tax planning schemes, the group of intermediaries that have to apply these rules is broader, it applies to:
any person that designs, markets, organises or makes available for implementation or manages the implementation of a reportable cross-border arrangement
This article is also posted on the site of Compliance Platform Trustkantoren