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Cyprus Provides Extended Penalty Relief for DAC6 Reporting

07 June 2021

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Approved Changes

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Cyprus

The Cyprus Tax Department has issued a notice providing an extension of the relief from administrative fines for DAC6 reporting to 30 September 2021 (previously provided to 30 June 2021). A new XML sample file has also been provided. --- 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 Updated sample XML file with added fields for the associated enterprises to the relevant taxpayer 1. The Tax Department informs that there will be no imposition of administrative fines for overdue...