Mandatory Disclosure Rules

The reporting obligations under Mandatory Disclosure Rules, or MDR, cover a broad range of transactions connected with running a business. The reporting obligations are imposed on taxpayers and their advisers and include financial reporting obligations. MDR require taxpayers to report potentially aggressive or otherwise abusive tax-planning arrangements to tax authorities.

In the brochure, you will find:

• Specific examples of tax schemes;
• An answer whether they are reportable;
• Hints on official forms, deadlines and scope of information to be reported to tax authorities.

The reporting obligation may also apply to lawful arrangements made on justified economic grounds; enterprises may need to report such arrangements irrespective of whether they derive economic benefits from a transaction or not. In addition to the reporting obligations, certain taxpayers should also expect to be required to introduce an internal MDR procedure.