FISC_2021_DATANA_RO

ended

Expert team for DAC AEOI data analysis and enhanced use of data with data analytics approach: As part of the “IT Collaboration” initiative a workshop was held in 2018 in Malta on the topic of Advanced Analytics in Direct Taxation. The discussions in that workshop identified a range of topics that could benefit from closer collaboration between Member States. One of the topics identified was the need for a common data analysis tool that can be used by all Member States. The FPG/106 “Direct Taxation Data Analysis Tool AEOI/DAC/CRS Data has been created in 2019 to develop the Business and IT requirements needed for a data analysis tool to use the DAC data efficiently and to ensure tax compliance in cross-border situations. FPG/106 finished with the conclusion to propose an Expert Team to develop such DAC AEOI Data Analysis tool. The objective of this Expert Team is to collaboratively develop a tool to better analyse direct taxation data received via Automatic Exchange of Information (AEOI) under the Directive on Administrative Cooperation (DAC) and all subsequent amendments to the DAC.