DAC 6 definition

DAC 6 is defined in Section 2.15(g) of the Agreement
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DAC 6 means the Council Directive 2011/16/EU (as the same has been amended from time to time);
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DAC 6. Council Directive (EU) 2018/822 of 25 May 2018 and any relevant national legislation or regulations that are in force pursuant to the directive;
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Examples of DAC 6 in a sentence

  • As an EEA client, you shall determine whether or not you have any reporting obligations arising from a proposed or consummated Transaction due to the operation of Council Directive (EU) 2018/822 (commonly known as Mandatory Disclosure Rules or DAC 6) as implemented into local laws and, where a proposed or consummated Transaction is reportable, You shall file or instruct an advisor to file a report to the extent required under DAC 6 laws.

  • Subject to the implementation of DAC 6 in the relevant Member States, the ACD, investors in the Sub-Funds, or any person that has advised or assisted could be legally obliged to file information in relation to the Sub-Funds and its activities with the competent authorities with a view to an automatic exchange of such information with other Member States.

  • The Management Company may qualify as an intermediary for DAC 6 purposes and may therefore be required to file information on cross border arrangements which may qualify as reportable.

  • The SICAV may thus have to make such reporting if it identifies arrangements which fall in the scope of the DAC 6 Law and may thus have to collect and process certain information about Shareholders.

  • DAC 6 imposes a reporting obligation on parties involved in transactions (so called “Arrangements”) with an EU cross-border element that may be associated with aggressive tax planning, i.e. triggering a “Hallmark”.

  • DAC 6 provides for a mandatory disclosure of certain cross- border arrangements by intermediaries or relevant taxpayers to the tax authorities and mandates automatic exchange of this information among EU member states.

  • DAC 6 has been implemented into Luxembourg law on 25 March 2020 (the “DAC 6 Law”) and is applicable as of 1 July 2020.

  • DAC 6 requires financial intermediaries to report to their local tax authorities any cross border arrangements meeting one or more criteria (so-called “hallmarks”) listed in the Directive.

  • Following the UK’s exit from the EU on 31 December 2020, the International Tax Enforcement (Disclosable Arrangements) (Amendment) (No. 2) (EU Exit) Regulations 2020 were introduced, pursuant to which the UK disapplied the majority of the DAC 6 hallmarks, however, in certain circumstances DAC 6 disclosures will need to be made to HMRC.

  • However, in certain circumstances DAC 6 disclosures may still need to be made to HMRC and information exchanged by or with it.


More Definitions of DAC 6

DAC 6 means the Council Directive (EU) of 25 May 2018 (2018/822/UE) amending Directive 2011/16/EU.
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Related to DAC 6

  • GAC10 means granular activated carbon filter beds with an empty-bed contact time of 10 minutes based on average daily flow and a carbon reactivation frequency of every 180 days, except that the reactivation frequency for GAC10 used as a best available technology for compliance with MCLs under subsection 9.2.1.2 shall be 120 days.

  • NI 44-102 means National Instrument 44-102 – Shelf Distributions;

  • HUC 14 or "hydrologic unit code 14" means an area within which water drains to a particular receiving surface water body, also known as a subwatershed, which is identified by a 14-digit hydrologic unit boundary designation, delineated within New Jersey by the United States Geological Survey.

  • GAC20 means granular activated carbon filter beds with an empty-bed contact time of 20 minutes based on average daily flow and a carbon reactivation frequency of every 240 days.

  • OJEU means the Official Journal of the European Union.

  • NI 51-102 means National Instrument 51-102 – Continuous Disclosure Obligations;

  • CAFA means the Class Action Fairness Act of 2005, 28 U.S.C. §§ 1711-1715.

  • MI 11-102 means Multilateral Instrument 11-102 – Passport System;

  • SOFR Floor means a rate of interest per annum equal to zero basis points (0.00%).

  • M2M Flowgate means Flowgates where constraints are jointly monitored and coordinated as defined and set forth in Schedule D to this Agreement.

  • Curie means a unit of quantity of radioactivity. One curie (Ci) is that quantity of radioactive material which decays at the rate of 3.7E+10 transformations per second (tps).

  • SORA means, in respect of any Singapore Business Day “i”, a reference rate equal to the daily Singapore Overnight Rate Average published by the Monetary Authority of Singapore (or a successor administrator), as the administrator of the benchmark, on the Monetary Authority of Singapore’s website currently at http://www.mas.gov.sg, or any successor website officially designated by the Monetary Authority of Singapore (or as published by its authorised distributors) (the “Relevant Screen Page”) on the Singapore Business Day immediately following such Singapore Business Day “i”;

  • Xxxxxxxx-Xxxxx Certification As defined in Section 11.05.

  • Sxxxxxxx-Xxxxx Certification As defined in Section 11.09.

  • Law 11/2015 means Law 11/2015 of 18 June, on recovery and resolution of credit institutions and investment firms (Ley 11/2015, de 18 de junio, de recuperación y resolución de entidades de crédito y empresas de servicios de inversión) as amended or replaced from time to time.

  • NI 45-106 means National Instrument 45-106 – Prospectus and Registration Exemptions;

  • €STRi means the €STR reference rate for:

  • B-BBEE means broad-based black economic empowerment as defined in section 1 of the Broad-Based Black Economic Empowerment Act;

  • CSAM or "Credit Suisse" (or any combination thereof).

  • NI 52-110 means National Instrument 52-110 – Audit Committees.

  • SERFF means the system for electronic rate and form filing. SERFF is a proprietary NAIC computer-based application that allows insurers and other entities to create and submit rate, rule and form filings electronically to the commissioner.

  • NI 52-107 means National Instrument 52-107 Acceptable Accounting Principles, Auditing Standards and Reporting Currency;

  • GoWB means Government of West Bengal

  • Diocese means the Church of England diocese in which the Academies are situated;

  • SAQA means the South African Qualifications Authority;

  • Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;