Cyprus postpones MDR reporting deadlines for six months

Executive summary

On 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 f…