In continuance to our
previous posts
on this, on 4 June 2021 the Cyprus Tax Department announced an extension to the
period over which no administrative fines for overdue submission of DAC6
information will be imposed. The deadline is extended from 30 June 2021 to 30
September 2021 and relates to the following cases of reportable cross-border
arrangements:
- arrangements
made between 25 June 2018 and 30 June 2020, which had to be reported by 28
February 2021;
- arrangements
made between 1 July 2020 and 31 December 2020, which had to be reported by 31
January 2021;
- arrangements
made/to be made between 1 January 2021 and 31 August 2021, which are reportable
within 30 days from the date they were made available for implementation or
were ready for implementation or the first step in the implementation was made,
whichever occurred first;
- arrangements
for which secondary intermediaries provide/d aid, assistance or advice, between
1 January 2021 and 31 August 2021 and need/ed to submit information within 30
days beginning on the day after they provided aid, assistance or advice.
The announcement also
states that the sample template file for reporting has been adjusted to cover
also for associated enterprises in order to be in line with the relevant legislation.
