The formal act of the Adoption of a directive for the duty of disclosure for crossborder tax planning models in the EU has been taken place on May 25, 2018. The wording of the directive has been improved in an important point for public auditors. The directive now recognises the duty of confidentiality of public auditors For clarification the government of Germany has issued a statement in which public auditors are named explicit.
As next step the directive has to be published in the Official Journal o the European Community and is effective on the 20th day after that date. The German legislator has to transform the directive up to December 31, 2019. Tax payers and their advisors have to apply the directive from July 1, 2020, onwards.