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Cyprus Provides Further Penalty Relief for DAC6 Reporting

22 September 2021

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Approved Changes

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Cyprus

The Cyprus Tax Department has issued a notice announcing a further extension of relief from administrative fines for DAC6 reporting to 30 November 2021 in certain cases. Relief was previously provided to 30 September 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 November 2021, in the following cases: (a) Reportable cross-border...