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Cyprus Provides Effective Extension with Penalty Relief for DAC6 Reporting

01 March 2021

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Approved Changes

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Cyprus

The Cyprus Tax Department has issued a notice announcing that no administrative fines will be imposed for DAC6 submissions made by 30 June 2021. --- DAC6 –Directive of the Council of EU on mandatory disclosure and exchange of information on cross-border arrangements Extension to the imposition of administrative fines for overdue submission of information The Tax Department informs that there will be no imposition of administrative fines for overdue submission of DAC6 information that will be submitted until the 30th June 2021, in the following cases: (a) Reportable cross-border arrangements that have been made between 25 June 2018 and 30...