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Cyprus announces further extension of non-application of administrative fines for DAC6 submissions to 30 November 2021

21 September 2021

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Tax Alerts, Information Reporting, Legis...

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Cyprus

On 21 September 2021, the Cypriot Tax Department (CTD) issued an announcement regarding a further extension to 30 November 2021 of the non-application of administrative fines for submissions with respect to information on reportable cross-border arrangements under the European Union (EU) Directive on the mandatory disclosure and exchange of information (referred to as DAC6 or the Directive).In June 2021, the CTD issued an announcement extending the non-imposition of administrative fines for DAC6 submissions to 30 September 2021. In its latest announcement, the CTD confirmed its intention to not impose administrative fines for submissions of information under DAC6 until 30 November...