Page 3 - DAC6 Reporting

VERSION HISTORY
REVISION
VERSION APPROVED BY DATE DESCRIPTION OF CHANGE AUTHOR
1.1 2 Sept 2019 Initial Document Lee Benning
nd
2.1 2 Oct 2019 Additional information added Lee Benning
nd
2.2 30 Mar 2020 Additional information added Lee Benning
th

1. INTRODUCTION

1.1 DAC6 Overview

DAC 6 introduces an obligation to disclose to the tax authorities information on cross-
border arrangements that meet certain criteria. It also regulates the subsequent
exchange of the information by and between tax administrations of EU member
states on a regular basis.

As mentioned in the draft law, information received and exchanged under DAC 6
among tax authorities of EU member states would allow them to react more rapidly
to potentially aggressive tax arrangements and to address potential loopholes
through conducting appropriate risk assessments and tax audits, or involving
legislative reforms aimed at closing such loopholes.

1.2 Purpose of this Document

The purpose of this document is to define the features which are to be available from
the Ghost Digital & Data DAC6 reporting module. This includes the user functionality
and how each of the features will operate. Where necessary, features will be
accompanied with a screen layout to assist in understanding how the software will be
used.

1.3 Reference Documents

The following documents are referenced in this functional specifications
 International Tax Enforcement - disclosable arrangements consultation.pdf

1.4 Abbreviations and Acronyms

DAC6 Directive on Administrative Cooperation

DB Database
AI Artificial Intelligence

API Application Programmers Interface

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