Revenue has published updated guidance in paragraph 3.1 on the EU Mandatory Disclosure of reportable cross border arrangements to reflect amendments arising from the transposition of Council Directive (EU) 2023/2226 (DAC8). Paragraph 3.1 sets out the specified information to be provided to Revenue for each reportable cross‑border arrangement.
The update confirms that an abstract summary of the business environment is no longer required in respect of reportable cross-border arrangements. Instead, a description of the relevant arrangements, along with any additional information that would assist a competent authority in assessing potential tax risk should be provided.
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