Cyprus is reportedly planning to implement the optional postponement of the initial deadlines for DAC6 reportable cross-border arrangements. As previously reported, political agreement was reached earlier in June for an optional postponement of the initial deadlines for DAC6 for up to 6 months in light of the COVID-19 pandemic. The required amendments for the option must still be formally adopted by the EU-27 Finance Ministers in the ECOFIN Council and published in the Official Journal of the EU.