Automatic exchange of information between the tax administrations of EU Member States starts from 2015. Thus Local Tax offices will be able to collect information about their citizen’s incomes acquired abroad.
In case the recipient is foreign individual or entity, companies shall submit information for the following benefits:
From employment contracts - for individuals
Income from management and control - for individuals and legal entities
Rental income - realized by individuals and legal entities
Pension funds will submit information about pensions paid
Insurance companies - insurance benefits
Registry Agency will submit information on available property and / or income from the sale of real estate by foreign persons
The scope of exchanged information will expand to other types of income.
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