The Cypriot tax authorities have launched a public consultation on draft legislation to implement EU Directive 2018/822 on mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements (DAC6) into local legislation (Draft Law).

DAC6 is an amendment to EU Directive 2011/16/EU on administrative cooperation in the field of taxation (DAC). The Draft Law is an amendment to the Administrative Cooperation in the Field of Taxation Law 2012, which initially implemented DAC into local law.

The Department of Taxation of the Republic of Cyprus invites all interested parties to submit written comments and suggestions to the email address: cpapadopoulou@tax.mof.gov.cy by 12 November 2019.

The Draft Law (available only in Greek) can be found here.

The Tax Authorities announcement can be found here.

DAC6 can be found here.