Council of the European Union 8 December 2015, Council Directive (EU) 2015/2376 of 8 December 2015 amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation

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Council Directive (EU) 2015/2376 amends Directive 2011/16/EU to establish a mandatory automatic exchange of information regarding advance cross-border rulings and advance pricing arrangements to combat tax avoidance and aggressive tax planning. Key provisions define the scope of reportable instruments, establish a central directory for information storage, and mandate the communication of a defined set of basic information to all Member States and the European Commission. The Directive requires Member States to apply these measures from 1 January 2017, with specific retrospective reporting obligations for rulings issued within five years prior to that date.AI