DAC6: The EU Directive on cross-border tax arrangements – Further Extension

Home » DAC6: The EU Directive on cross-border tax arrangements – Further Extension

DAC6: The EU Directive on cross-border tax arrangements – Further Extension

GEORGE Y. YIANGOU LLC would like to inform our clients that the Cyprus Tax Authority has further extended the implementation of the EU Council Directive 2018/822 (referred to as “DAC6”) until the 31st of January 2022 with no imposition of administrative fines for overdue submission of DAC6 information that will be submitted by the aforementioned date, in the following cases:

  • Reportable cross-border arrangements that have been made between 25 June 2018 and 30 June 2020 and had to be submitted by 28 February 2021.
  • Reportable cross-border arrangements that had been made between 1 July 2020 and 31 December 2020 and had to be submitted by 31 January 2021.
  • Reportable cross-border arrangements made between 1 January 2021 and 1 January 2022, that had to be submitted within 30 days from the date they were made available for implementation or were ready for implementation or the first step in 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 1 January 2022 and had to submit information within 30 days beginning on the day after they provided aid, assistance or advice.
  • The periodic reports for marketable arrangements.

For any further information, please contact us at eudirectives@yiangou.com.cy

 

Contact Person:

Francesca Iosif

Associate, Corporate Department

francesca.i@yiangou.com.cy

+357 22 653105