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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

  • Senior Associate
  • Cayman Islands

Cyprus Tax authorities extend the imposition of penalties for late submission on DAC 6

On 26 February 2021, the Cyprus Tax Authorities announced a three-month extension for the imposition of administrative fines in instances of late submissions of reportable cross-border arrangements.

The Tax Department will not begin imposing administrative fines until 30 June 2021 in regards to reportable cross border arrangements made between:

  • 25 June 2018 and 30 June 2020 (which had to be submitted by 28 February 2021) 
  • 01 July 2020 and 31 December 2020 (which had to be submitted by 31 January 2021)
  • 01 January 2021 and 31 May 2021 (which had to be submitted within 30 days from the date of the relevant triggering event)
  • 01 January 2021 and 31 May 2021 (which had to be submitted within 30 days from the date when secondary intermediaries provided applicable services).

For your reference, please find the unofficial translation of the Tax Department’s announcement here.