DAC 6 definition

DAC 6 is defined in Section 3.15(f) 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

  • 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”.

  • 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 is capable of applying to arrangements that do not necessarily constitute aggressive tax planning.

  • One of the aims of DAC 6 is that such information will enable the authorities to react promptly against harmful tax practices and close loopholes by enacting legislation or by undertaking adequate risk assessments and carrying out tax audits.

  • Rothschild & Co shall have no liability to the Client in relation to its reporting obligations for Taxation purposes (including in relation to the DAC 6 Regulations, where there are diverging assessments between Rothschild & Co and any other Intermediary or the Client on the reportable character of the arrangement).

  • The Client irrevocably acknowledges that Rothschild & Co may disclose information to another Intermediary known to Rothschild & Co under the DAC 6 Regulations.

  • Under the provisions of DAC 6, the first reports were required by 31 August 2020.

  • There is an obligation on Intermediaries to report relevant arrangements that contain at least one of the applicable hallmarks under the DAC 6 Regulations.

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

  • 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.


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.

  • CATS II TORFP means the Task Order Request for Proposals # P00B2400008, dated MONTH DAY, YEAR, including any addenda.

  • 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.

  • Dried flower means all dead cannabis that has been harvested, dried, cured, or otherwise processed, excluding leaves and stems.

  • OJEU means the Official Journal of the European Union.

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

  • Automotive windshield washer fluid means any liquid designed for use in a motor vehicle windshield washer system either as an antifreeze or for the purpose of cleaning, washing, or wetting the windshield. Automotive windshield washer fluid does not include fluids placed by the manufacturer in a new vehicle.

  • 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).

  • Xxxxxxxx-Xxxxx Certification As defined in Section 11.05.

  • 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 Exemptions;

  • €STRi means the €STR reference rate for:

  • BRRD II means Directive (EU) 2019/879 of the European Parliament and of the Council of 20 May 2019 amending Directive 2014/59/EU as regards the loss-absorbing and recapitalisation capacity of credit institutions and investment firms and Directive 98/26/EC.

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

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

  • 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 Catholic diocese in which the Academy is situated;

  • Rear fog lamp means the lamp used to make the vehicle more easily visible from the rear in dense fog;

  • SAQA means the South African Qualifications Authority;