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DAC6 & MDR Reporter
Why choose DAC6 & MDR Reporter
Taxing authorities worldwide are continuing to adopt and implement new rules and procedures as they respond to this new, global economy. At the forefront of this Mandatory Disclosure Regime (MDR) is the new EU DAC6 Directive 2018/822. DAC6 imposes mandatory disclosure of cross-border arrangements affecting at least one EU Member State that falls within one of several categories or “DAC6 hallmarks” identified as potentially indicative of aggressive tax planning. DAC6 imposes heavy fines for non-compliance, as well as reputational risk, so it pays to be prepared. Thomson Reuters DAC6 & MDR Reporter powered by Orbitax is a comprehensive, secure, enterprise-wide solution for identifying and accurately reporting reportable cross-border arrangements while reducing 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
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What you get with the DAC6 & MDR Reporter
Comprehensive lists on upcoming deadlines
Track reporting deadlines for each country and assign related tasks.
Auto-populate DAC6 and MDR reporting forms
Complete required forms in the required format for filing.
Automatically flag arrangements
Automatically capture and flag cross-border arrangements and transactions for reporting
Robust collaborating and reporting tools
Collaborate with stakeholders for data gathering and to finalize reportable arrangements.
DAC6 and MDR reporting is here and it applies to more than EU headquartered companies.
DAC6 and MDR reporting could apply to any multinational company (MNE) with actual or planned business operations in the EU or any other country that has implemented MDR rules. DAC6 and MDR compliance is mandatory, and fines are substantial. Thomson Reuters DAC6 & MDR Reporter powered by Orbitax is available through both Thomson Reuters’ ONESOURCE and CHECKPOINT platforms. Businesses can act now to plan for compliance, curate additional information they will need outside of their ERP to determine if a transaction needs to be reported, and avoid regulatory and reputational risk.
Act now – DAC6 and MDR won’t leave room to take action later.
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