The Cyprus Tax Department has announced the issuance of Decree KDP 438/2021 for the implementation and regulation of issues relating to the DAC6 Directive (EU Council Directive 2018/822). The Decree, currently only available Greek, provides guidance/clarification regarding participants in a reportable arrangement, intermediaries, application of the main benefits test and hallmarks, the liability to report information in Cyprus for relevant taxpayers and intermediaries, the information to be submitted and the manner of submission, etc. Note, the DAC6 reporting requirements have been effective in Cyprus from 1 January 2021 including for historical arrangements, but due to delays in implementing the required...