The Tax Department of the Republic of Cyprus has published an information letter to extend the deadlines for exemption from administrative fines for DAC6 reporting until 30 September 2021 (previously – 30 June 2021).
The revised submission deadline for DAC6 has been set for the following reportable cross-border arrangements:
- Reportable cross-border arrangements (RCBAs) that were implemented between 25 June 2018 and 30 June 2020 and had to be submitted by 28 February 2021;
- RCBAs held between 1 July 2020 and 31 December 2020 and had to be submitted by 31 January 2021;
- RCBAs held between 1 January 2021 and 31 Αugust 2021, 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 was made, whichever occurred first;
- RCBAs for which secondary intermediaries provided aid, assistance or advice, between 1 January 2021 and 31 August 2021 and had to submit information within 30 days beginning on the day after they provided aid, assistance or advice.
In addition, it should be noted that in accordance with Article 7D (13) (a) of the Administrative Cooperation in the Field of Taxation Law 205 (I) / 2012, the information submitted with respect to a DAC6 reporting should also include information for the associated enterprises to the relevant taxpayer.
In this regard, the sample XML file that is available on the Tax Department website has been revised, with the addition of fields for information on the associated enterprises to the relevant taxpayer.