Proposed six month extension of the DAC6 reporting deadlines

Following the recent European Commission proposal to postpone the initial reporting deadlines for “DAC6” by three months, EU Commission proposes extension of the DAC6 reporting deadlines, a political agreement has now been reached by the COREPER of the Council of the European Union (the “Council”) to postpone the initial reporting deadlines by six months. The Council will now formally adopt a directive to enact this proposal.