Additional Extension of DAC6 Reporting Deadlines in Cyprus
This newsletter article is an update to our earlier article entitled: Extension of DAC6 Reporting Deadlines in Cyprus.
The deadlines for submitting information on reportable cross-border arrangements in accordance with the provisions of DAC6 (which is the Council Directive (EU) 2018/822 of 25 May 2018 amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements) have been further extended until 30 June 2021 for the following cases:
• Reportable cross-border arrangements that have been made between 25 June 2018 and 30 June 2020, which had to be reported by 28 February 2021.
• Reportable cross-border arrangements that have been made between 1 July 2020 and 31 December 2020, which had to be reported by 31 January 2021.
• Reportable cross-border arrangements made between 1 January 2021 and 31 May 2021, that had to be reported within 30 days from the date they were made available for implementation, or were ready for implementation, or the first step towards the implementation has been made, whichever occurred first.
• Reportable cross-border arrangements for which secondary intermediaries provided aid, assistance or advice between 1 January 2021 and 31 May 2021, which had to be reported within 30 days beginning on the date after such aid, assistance or advice was provided.