Executive summaryOn 27 July 2020, the Cypriot Tax Authority (CTA) issued an official announcement confirming that Cyprus has adopted a six-month deferral related to the European Union (EU) Directive on the mandatory disclosure and exchange of cross-border tax arrangements (referred to as DAC6 or the Directive).This announcement follows the adoption of the Directive1 on 24 June 2020 by the Council of the EU allowing EU Member States an option to defer, for up to six months, the time limits for the filing and exchange of information on cross-border arrangements under DAC6.Detailed discussionUnder DAC6, intermediaries and taxpayers are required to report cross-border...