The Resource Zweifelsfragen zum Kennzeichen für Verluste in Paragr. 6 Z 4 EU-Meldepflichtgesetz = Questions regarding the hallmark for acquisitions of loss-making companies in Section 6 Para 4 European Reporting Obligation Act

Zweifelsfragen zum Kennzeichen für Verluste in Paragr. 6 Z 4 EU-Meldepflichtgesetz = Questions regarding the hallmark for acquisitions of loss-making companies in Section 6 Para 4 European Reporting Obligation Act

Label
Zweifelsfragen zum Kennzeichen für Verluste in Paragr. 6 Z 4 EU-Meldepflichtgesetz = Questions regarding the hallmark for acquisitions of loss-making companies in Section 6 Para 4 European Reporting Obligation Act
Title
Zweifelsfragen zum Kennzeichen für Verluste in Paragr. 6 Z 4 EU-Meldepflichtgesetz = Questions regarding the hallmark for acquisitions of loss-making companies in Section 6 Para 4 European Reporting Obligation Act
Creator
Subject
Language
eng
Summary
The Austrian legislature has transposed the DAC 6 reporting requirements by adopting the European Reporting Obligation Act. Under these new rules, any cross-border arrangement that fulfils at least one "hallmark" has to be reported by any involved intermediary or the taxpayer. As the hallmarks cover a vast variety of transactions, a reporting obligation may not only arise if there is a connection to aggressive tax planning, but also in common transactions. As any failure to report, incomplete or late reporting, as well as the reporting of incorrect information, can be punished under fiscal criminal law, the identification of reportable transactions is critical. One of these hallmarks, implemented in section 6 para 4 European Reporting Obligation Act, covers the acquisition of a loss-making company with the aim of using its losses in order to reduce tax liability. The authors discuss the scope of this hallmark on the basis of exemplary, partly everyday tax situations and illustrate the vast number of open interpretation questions that reportable persons and the financial authorities will be faced with under the European Reporting Obligation Act
Citation source
In: Steuer und Wirtschaft International. - Wien. - Vol. 30 (2020), no. 6 ; p. 292-308
http://library.link/vocab/creatorName
  • Spies, K
  • Wöhrer, V
Geographic coverage
  • European Union
  • Europe
Language note
German
http://library.link/vocab/subjectName
  • mandatory disclosure
  • DAC 6
  • reporting requirements
  • acquisition
  • losses
  • benefit test
Label
Zweifelsfragen zum Kennzeichen für Verluste in Paragr. 6 Z 4 EU-Meldepflichtgesetz = Questions regarding the hallmark for acquisitions of loss-making companies in Section 6 Para 4 European Reporting Obligation Act
Instantiates
Publication
Label
Zweifelsfragen zum Kennzeichen für Verluste in Paragr. 6 Z 4 EU-Meldepflichtgesetz = Questions regarding the hallmark for acquisitions of loss-making companies in Section 6 Para 4 European Reporting Obligation Act
Publication

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