Cyprus enacts law implementing tax transparency rules for digital platforms (DAC 7)

14 November 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation|Cyprus

On 3 November 2023, the law requiring the automatic and mandatory exchange of information reported by platform operators comes into force, and the first reports must be filed with the Cypriot Tax Department no later than 31 January 2024.
The law also introduces certain changes to the existing legislation on administrative cooperation in tax matters and amends the common reporting standard (CRS/DAC2) and DAC6 laws to comply with data protection requirements.

Executive summary

On 3 November the "Law …

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