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Aki Corsoni-Husain
Aki Corsoni-Husain
  • Aki Corsoni-Husain

  • Partner
  • Cyprus
George Apostolou
George Apostolou
  • George Apostolou

  • Partner
  • Cyprus
Chiara Deceglie
Chiara Deceglie
  • Chiara Deceglie

  • Partner
  • Luxembourg
Massimiliano della Zonca
Massimiliano della Zonca
  • Massimiliano della Zonca

  • Senior Associate
  • Luxembourg
Philip Graham
Philip Graham
  • Philip Graham

  • Partner
  • British Virgin Islands
Ayana Hull
Ayana Hull
  • Ayana Hull

  • Counsel
  • British Virgin Islands
Katerina Katsiami
Katerina Katsiami
  • Katerina Katsiami

  • Associate
  • Cyprus
Andrew Knight
Andrew Knight
  • Andrew Knight

  • Partner
  • Luxembourg
Joshua Mangeot
Joshua Mangeot
  • Joshua Mangeot

  • Counsel
  • British Virgin Islands
Mirza Manraj
Mirza Manraj
  • Mirza Manraj

  • Counsel
  • Hong Kong
Elina Mantrali
Mirza Manraj
  • Elina Mantrali

  • Associate
  • Cyprus
Vanessa Molloy
Vanessa Molloy
  • Vanessa Molloy

  • Partner
  • Luxembourg
Andrea Moundi Savvides
Andrea Moundi Savvides
  • Andrea Moundi Savvides

  • Consultant
  • Cyprus
Marina Stavrou
Marina Stavrou
  • Marina Stavrou

  • Associate
  • Cyprus
Matt Taber
Matt Taber
  • Matt Taber

  • Partner
  • Cayman Islands
Carolynn Vivian
Carolynn Vivian
  • Carolynn Vivian

  • Counsel
  • Cayman Islands

DAC6 update from Cyprus Tax Authorities

On 3 February 2021, the Cyprus Tax Department announced that the reporting deadlines for the submission of reportable cross-border arrangements (RCBAs) would be extended to 31 March 2021.

The Tax Department announced that DAC6 is now expected to be transposed into national legislation within the month of February (though last month the aim was to transpose it in January so this is yet another delay to a series of delays). Taking into account the ongoing delay in the local implementation of DAC6, the deadline for submitting reports has been extended to 31 March 2021 in regards to the RCBAs which fall in the following reporting periods:

  • RCBAs made between 25 June 2018 and 30 June 2020 that had to be submitted by 28 February 2021
  • RCBAs made between 1 July 2020 and 31 December 2020 that had to be submitted by 31 January 2021
  • RCBAs made between 1 January 2021 and 28 February 2021 that had to be submitted within 30 days from the triggering event
  • RCBAs made between 1 January 2021 and 28 February 2021 that had to be submitted within 30 days from the day in which aid, assistance or advice was provided in respect of secondary intermediaries

The Tax Department’s announcement is currently only available in Greek and can be found here.

An unofficial English translation prepared by our team of the announcement can be found here.

Our last bulletin on DAC6 is here.