EU proposes comprehensive overhaul of DAC framework
European Commission publishes DAC Recast (COM(2026) 308 final) — major simplification of EU tax transparency rules
July 06, 2026
On 24 June 2026, the European Commission published a proposal to recast the Directive on Administrative Cooperation in Taxation (DAC), bringing DAC1 through DAC9 together into a single legislative framework and introducing a range of measures designed to simplify tax transparency and reporting obligations across the European Union.
The proposed reforms include significant changes to DAC6 mandatory disclosure rules, a streamlined notification process for DAC4 and DAC9 reporting obligations, updates to DAC7 digital platform reporting requirements, and the introduction of an EU wide Tax Identification Number (TIN) verification system. The proposal also seeks to reduce duplication, improve consistency between Member States, and ease administrative burdens for businesses while maintaining effective information exchange between tax authorities.
If adopted, the DAC Recast would represent one of the most significant revisions to the EU's tax transparency framework since its introduction in 2011. Multinational groups, intermediaries, tax advisers, digital platform operators, and other reporting entities should consider the potential impact of the proposed changes on their existing compliance and reporting processes.
Latest Insights
- legal updatesHong Kong: Enacts biggest listing framework reforms to enhance global competitiveness
- legal updatesTechnology Law Shorts - July 2026
- legal updatesProposed revisions to the Agricultural Foreign Investment Disclosure Act: an overview
- legal updatesEU adopts its 21st sanctions package against Russia and Belarus
Latest Events
- virtual | September 10, 2026UAE - Employment law in the Dubai International Financial Centre
- in-person | September 10, 2026Managing AI use in the workplace: what every UK HR team needs to know
- in-person | September 17, 2026Basic foundations of US employment law
- in-person | September 23, 20262026 BDC Roundtable
legal updates
July 31, 2026
Hong Kong: Enacts biggest listing framework reforms to enhance global compe...
legal updates
July 30, 2026
Technology Law Shorts - July 2026
legal updates
July 28, 2026
Proposed revisions to the Agricultural Foreign Investment Disclosure Act: a...
legal updates
July 27, 2026
EU adopts its 21st sanctions package against Russia and Belarus
virtual
UAE - Employment law in the Dubai International Financial Centre
September 10, 2026
9.30am - 1.30pm (GMT)
Virtual
in-person
Managing AI use in the workplace: what every UK HR team needs to know
September 10, 2026
9.30am - 1.00pm (BST)
London, United Kingdom
in-person
Basic foundations of US employment law
September 17, 2026
9.30am - 4.30pm (GMT)
London, United Kingdom
in-person
2026 BDC Roundtable
September 23, 2026
Washington DC, United States