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Mandatory Automatic Exchange of Tax Information

Summary

The proposal mandates that large multinational groups provide detailed, country-by-country tax reports to be shared automatically among EU authorities to combat tax evasion.
10 03.06.2016
Other
economy
taxation
european union
public administration
business and competition

Key points

  • The proposal targets large multinational groups with a total consolidated revenue of 750 million euros or more.
  • Companies must report specific data including revenue, profit before tax, income tax paid, number of employees, and tangible assets for each jurisdiction.
  • Tax information will be automatically exchanged between EU Member States and the European Commission.
  • The reporting requirements are expected to begin for fiscal years starting from 2017.
Documents (PDFs)
REPORT on the proposal for a Council directive amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation Mandatory automatic exchange of information in the field of taxation *
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