The Cyprus Tax Department has issued a release announcing that Council Directive (EU) 2018/822 of 25 May 2018 (DAC6) on reportable cross-border tax planning arrangements will be transposed into national legislation by the end of the year. This includes measures to require the reporting of cross-border tax planning arrangements and the exchange of information reported with other EU Member States. The reporting requirement primarily applies to intermediaries that design, market, organize, or manage the implementation of a reportable arrangement. As noted in the release, the requirements will apply from 1 July 2020, with initial disclosures required by 31 August 2020...