Cyprus Provides Effective Extension with Penalty Relief for DAC6 Reporting

The Cyprus Tax Department has issued a notice announcing that no administrative fines will be imposed for DAC6 submissions made by 30 June 2021.

---

DAC6 –Directive of the Council of EU on mandatory disclosure and exchange of information on cross-border arrangements

Extension to the imposition of administrative fines for overdue submission of information

The Tax Department informs that there will be no imposition of administrative fines for overdue submission of DAC6 information that…