New regulatory duties with respect to cross-border tax arrangements force companies to handle a significant amount of both uncertainty and bureaucracy.
Complex challenges require complex solutions? Together with AMANA we can offer a value generating tool at the end of 2019, that enables our clients to cope successfully with the new regulatory duties in the field of reportable cross-border tax arrangements. It is a both simple and comprehensive solution for your complex daily challenges.
The European Union is increasing its pressure on potentially agressive cross-border tax planning. With the new EU Directive 2018/822, better known as DAC6, companies as well as intermediaries are facing far reaching reporting duties. Although the Directive has to be implemented into domestic laws first and, thus, enters into force on 1 July 2020 only, intermediaries and taxpayers will have to file in hindsight all of their reportable cross-border tax arrangements starting from 25 June 2018 already. Consequently, it is time to act now and to make sure your business is prepared to deal with the new requirements.
With the AMANA system we offer a comprehensive IT-based solution to meet the regulatory challenges resulting out of the new EU Directive. In particular, it will ensure a proper and time efficient compliance process. The tool does not just allow you to verify whether a reportable cross-border tax arrangement is given, it also helps to identify whether an intermediary or the taxpayer itself is obliged to report the arrangement to the respective tax authorities. Moreover, our additional service offerings will make sure that all related compliance efforts are managed centrally, which ensures process efficiency while you are able to keep focusing on your daily business.