Contact Us

+350 20079000 info@hassans.gi

This data will only be used by Hassans for processing your query and for no other purpose. View our privacy policy
| 1 minute read

DAC 6 - Changes to reporting where professional secrecy applies

Interesting to note the intended practical approach by Luxembourg to seek to address tensions between compliance with DAC 6 reporting obligations in circumstances where professional secrecy rules may apply. 

It remains to be seen whether similar or other approaches may be followed by authorities in other jurisdictions (including Gibraltar) either statutorily or in terms of practical application. 

On a wider note, it highlights the potential nuanced application of Directives and other international requirements that can allow scope for arbitrage and advantage. 

As a nimble and forward-thinking jurisdiction, Gibraltar remains well-positioned to adapt to the ever-changing tax landscape and to seek out accommodation and opportunities where possible and appropriate. 

The EU mandatory disclosure directive (known as DAC 6) targets cross-border arrangements featuring potential indicators of aggressive tax planning. The Luxembourg legislator has now proposed amendments to the original bill to address some concerns expressed by the Council of State. www.loyensloeff.com/...

Top-ranked in all practice areas in Legal 500 EMEA 2024

Hassans is pleased to announce that it has once again achieved top tier rankings in all areas covered by Legal 500 EMEA for Gibraltar....

Posted on
Read more

Latest Insights

Going Green to Strike Gold

Abu Dhabi conglomerate IHC's change in strategy (in purchasing mining concessions as opposed to funding established operators in exchange...

Posted on
Read more

Streamline Your Payroll Operations

Navigating the complexities of payroll management in Gibraltar can be challenging and time consuming, leading many business owners to...

Posted on
Read more

Gibraltar Young Enterprise ’24 Winner Announced

Hassans' Partner Andrew Montegriffo was one of three judges on the panel at this year’s Young Enterprise Gibraltar Finals, at which Vital...

Posted on
Read more