The DAC6 submission deadline is extended up to 31st March 2021

On 3rd of February 2021 the Cyprus Tax Department announced that the provisions of DAC6 are expected to be incorporated into the Cyprus Legislation during the current month i.e. February 2021.

Given that in some cases the deadlines for filing information on reportable cross-border arrangements set out in the DAC6 Directive have expired, the submission deadline for DAC6 has been extended up to 31st of March 2021, for the following cases:

  1. Reportable cross-border arrangements carried out between 25 June 2018 and 30 June 2020 that had to be reported by 28 February 2021.
  2. Reportable cross-border arrangements carried out between 1 July 2020 and 31 December 2020 that had to be reported by 31 January 2021.
  3. Reportable cross-border arrangements carried out between 1 January 2021 and 28 February 2021 and which had to be reported within 30 days from the day that have been made available for implementation, or they were ready for implementation, or the first step towards the implementation has been made (whichever took place first).

Reportable cross-border arrangements, for which secondary intermediaries have provided assistance, aid or advice between 1 January 2021 and 28 February 2021 that had to be reported within 30 days following the next day where such assistance, aid or advice was provided.