AI Summary of Article 3 Definitions
This Directive encompasses definitions crucial for understanding the framework of administrative cooperation among Member States. Key terms include 'competent authority', 'central liaison office', and 'requesting authority', which facilitate the exchange of information pertinent to tax legislation. Notably, the Directive outlines mechanisms for both 'automatic' and 'spontaneous' exchanges of information, highlighting the importance of transparency in cross-border arrangements.
Furthermore, the Directive establishes specific guidelines for 'reportable cross-border arrangements' and the roles of 'intermediaries' and 'relevant taxpayers'. This structured approach aims to combat tax avoidance and ensure compliance across jurisdictions, thereby enhancing cooperation and regulatory alignment.
Article 3 Definitions
For the purposes of this Directive the following definitions shall apply:
1. "competent authority" of a Member State means the authority which has been designated as such by that Member State. When acting pursuant to this Directive, the central liaison office, a liaison department or a competent official shall also be deemed to be competent authorities by delegation according to Article 4;
2. "central liaison office" means the office which has been designated as such with principal responsibility for contacts with other Member States in the field of administrative cooperation;
3. "liaison department" means any office other than the central liaison office which has been designated as such to directly exchange information pursuant to this Directive;
4. "competent official" means any official who is authorised to directly exchange information pursuant to this Directive;