In respect to the EU Directive on Administrative Cooperation “DAC6” and Mandatory Disclosure Rules, the Directive is expected to be incorporated into Cypriot legislation within February 2021.
In view of this, and in light of the fact that some of the deadlines for the submission of information set out in the Directive have expired the deadline for the submission of DAC6 information is extended until 31 March 2021, in the following cases:
1. Reportable cross-border arrangements that have been made between 25 June 2018 and 30 June 2020 and which had to be submitted by 28 February 2021;
2. Reportable cross-border arrangements that had been made between 1 July 2020 and 31 December 2020 and which had to be submitted by 31 January 2021;
3. Reportable cross-border arrangements made between 1 January 2021 and 28 February 2021 that had to be submitted within 30 days from the date that they were made available for implementation or ready tor implementation or the first step in the implementation has been made, whichever occured first.
4. Reportable cross-border arrangements for which secondary intermediaries provided aid, assistance or advice, between 1 January 2021 and 28 February 2021 and had to submit information within 30 days beginning on the day after they provided aid, assistance or advice.
