On 26 February 2021, the Cypriot Tax Department (CTD) issued an announcement which provides that no imposition of administrative fines for submission will apply until 30 June 2021, with respect to information on reportable cross-border tax arrangements under the European Union (EU) Directive on the mandatory disclosure and exchange of information (referred to as DAC6 or the Directive).
In addition to the CTD’s previous announcement regarding the extension of DAC6 reporting deadlines until 31 Marc…