The Cyprus Tax Department has published Interpretative Circular No. 55 of 10 November 2021, which clarifies the administrative fines for failing to comply with DAC6 reporting requirements. Under the Cyprus Law on Administrative Cooperation in the Field of Taxation, the administrative fines for failing to comply with DAC6 obligations include: Failure to submit information on a reportable arrangements - EUR 10,000 to 20,000 Delay in submitting information on a reportable arrangement: delay up to 90 days - EUR 1,000 to 5,000 delay exceeding 90 days - EUR 5,000 to 20,000 Failure to submit or delay in submitting notification on waiver...