BlueBridge’s Webinar Recap: DAC6 in Cyprus

On the 16th of December 2020, Paul Millen and Anna Szkudlarek provided specific insights to the implementation of DAC6 in Cyprus during our webinar entitled “DAC6 in Cyprus”.
 

With the first reporting deadline of 31 January 2021 looming, we focused on the practicalities in the application of the regime to local service providers and other parties affected by DAC6 through their Cross-border Arrangements. 


Following a brief refresher on the background and mechanics of DAC6 in Cyprus, we delved into the ways in which the Cypriot authorities are limiting reporting volumes through an enhanced Main Benefit Test and other provisions that filter out commonplace transactions. Then, we discussed the other stand-out aspects of the DAC6 regime in Cyprus, closing out the presentation with our views on the consequences for affected parties in Cyprus before answering a handful of interesting questions submitted by the audience. 


If you missed the webinar but are interested in learning more about this particular DAC6 topic
 

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