Automatic Exchange of Information - Directive on Administrative Cooperation

The Directive on Administrative Cooperation (DAC) considers cooperation between Member States in the field of taxation through exchanging of information for the mutual benefit of each state, covering all taxpayers that are natural persons and legal entities. DAC has been amended several times, in line with EU and global initiatives in the field of tax transparency. 

Automatic Exchange of Information (AEOI) means the systematic communication of pre-defined information from the tax administration of an EU member state to the tax administration of another EU member state.  DAC, and its amendments, relates to the automatic exchange of the following information: 

DAC1 – Automatic Exchange of Categories of Income and Assets

DAC2 – Automatic Exchange of Financial Account Information through CRS and FATCA

DAC3 – Automatic Exchange of Cross-border Rulings and Advanced Pricing Arrangements

DAC4 - Automatic Exchange of Information on the Country-by-Country Report

DAC6 - Automatic Exchange of Information of Reportable Cross-border Arrangements

DAC7 - Automatic Exchange of Information Reported by Platform Operators

DAC8 - Automatic Exchange of Information Reported by Reporting Crypto- Asset Service Providers (CARF & Amended CRS)

Furthermore, through double taxation agreements and international standards entered into with third country jurisdictions, a similar method of exchange of information for tax purposes is applied.

(source - Directive on Administrative Cooperation (DAC) - European Commission)