As
reported recently, the Cyprus Tax Department granted an
extension to some of the reporting deadlines related to the EU Directive on
Administrative Cooperation, commonly known as DAC6.
Further
to that, on 26 February 2021 the Tax Department announced that there will be no
imposition of administrative fines for overdue submission of DAC6 information
that will be submitted until the 30 June 2021, related 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 30 May 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 30 May 2021 and need/ed to submit
information within 30 days beginning on the day after they provided aid,
assistance or advice.
