Mandatory disclosure of certain fiscal cross-border structures

On 25 June 2018, the Mandatory Disclosure Directive (2018/822/EU) came into effect (the “Directive”). The Directive concerns the mandatory exchange of information in respect of reportable fiscal cross-border structures. From 25 June 2018, we are obliged to keep records of structures as referred to in the Directive (the “Structures”) and from 1 July 2020 there will be an obligation to report certain Structures to the tax authorities. We expect that this obligation to report will rest with clients and their advisers, with retroactive effect from 25 June 2018. A situation may arise where there is an obligation to report in connection with matters handled by Vink & Partners on our client’s behalf. Should you have any questions in this regard, please contact your adviser.