Starting September 2020, it’ll be mandatory for intermediaries to report and audit trail information on (cross-border) arrangements to the relevant countries’ tax authorities. It aims to highlight potential loopholes and harmful tax practices and is seen as one of the biggest changes for both tax professionals and taxpayers in recent years.
Achieve MDR/DAC6 compliance
How will DAC6 impact the tax professional? The truth is that intermediaries will be faced with even more menial admin. This means that being DAC6 compliant is both time-consuming and if done manually can lead to costly human error.
DAC6pro is our own tool conceived by our unique combo of IT / TAX professionals and our DAC6 community to help intermediaries and multinationals easily comply with DAC6 regulations.
DAC6pro in a nutshell
DAC6pro allows you to know exactly when you are and aren’t DAC6/MDR compliant on a country-by-country basis in one simple to use solution. Fortify your compliance strategy by embedding DAC6pro in your daily work-streams to avoid unnecessary and material penalties.
With DAC6pro you’ll be able to set-up arrangements; manage user rights to support different roles and responsibilities; collect data regarding arrangements including local regulations, taxpayers or intermediaries involved, and the value of the arrangement; and even more.
DAC6pro approach can be defined in 4 steps:
So you can handle all the arrangements of all your clients.
Gives you insight to all the arrangements per clients and helps you gather all the data that you need.
To check which hallmarks are applicable to the arrangements for the countries that are involved.
XML ready for reporting
So you can easily report you arrangements to the different country authorities.
We make things easier for tax professionals
We translate international tax insights into software that we call solutions. But what makes us special and puts us in a unique position in the tax technology world is our team.
Our IT geniuses work together with our hipster designers, suit and tie tax professionals, and coffee-loving marketing staff in an office on one floor with no walls. We like to call it concentrated creative mayhem. And boy, does it work. This setup allows for an environment that encourages variety and inspires transparency, and this has been key to building our one-of-a-kind TaxSuite.
TaxSuite: Making Tax Transparent
We are working towards having a full suite of affordable standardised software solutions for international tax professionals. Solutions that reconstruct the tax concept to make it transparent. How? By showing that tax mechanics are actually very similar globally and by providing in-house tax support through coaching and by training people to become experts.
We continuously focus on increasing business intelligence and transparency by ensuring our technology is beautifully designed, simple to use, and user-friendly.
Taxpayers and intermediaries like you that already signed up for DAC6pro
Kickstart the next phase of your compliance strategy
If you have any questions about the regulation itself or would you like to discuss your current compliance process. Our Tax and IT professionals are here to help you. Schedule an online meeting: