Cypriot Parliament voted the amendments to the existing Cypriot Law on Administrative Cooperation in the field of Taxation (Law 205(I)/2012) as the “Law”, to encompass the provisions of the Directive 2018/822/EU on mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements (DAC6).
The Law will be supplemented with more detailed and explanatory secondary legislation that will provide additional guidance on the practical applications of the Law.
For a more detailed information on DAC6 in Cyprus you may visit the link here
How Kinanis LLC can help
Our DAC 6 team is at your disposal to discuss in detail the DAC6 implementation in Cyprus and evaluate its implications on your business.