With the transposition of the EU Council Directive 2011/16, known as DAC6, into Cypriot tax legislation, a new compliance landscape has emerged for intermediaries and taxpayers.
This directive mandates the identification and reporting of cross-border transactions that exhibit the defined Hallmarks of DAC6.
To assist both taxpayers and intermediaries in navigating their DAC6 reporting obligations, we offer a comprehensive suite of services:
- Advisory and Risk Assessment: We provide ad-hoc advisory services and conduct risk assessments, including reviews of transaction samples and tailored advice focusing on key risk areas specific to the client’s business.
- DAC6 Reporting Assistance: Our team assists in the preparation and submission of DAC6 reports to tax authorities, ensuring compliance with the new reporting requirements.
- Framework Implementation: We help in the implementation of robust frameworks tailored to address DAC6 challenges. This includes defining roles and responsibilities, drafting and implementing review processes, and other necessary organizational adjustments.
- Training Programs: Our experts conduct on-site seminars and training sessions, equipping your team with the knowledge and skills to effectively manage DAC6 compliance.
These services are designed to help your organization stay compliant with the evolving tax landscape, minimizing risk and ensuring a smooth adaptation to the DAC6 regulations.