Cyprus 5% VAT Law Amendments for Primary Residences
Following an extended negotiation period spanning over two years, the European Commission and the Republic of Cyprus reached an agreement paving the way for amendments to the VAT law. The Official Gazette of the Republic of Cyprus promptly published the amending law 42(I)/2023 (“Law 42(I)/2023”)…
A practical approach to DAC6 reporting obligations
Purpose and scope of DAC6 Council Directive (EU) 2018/822, also known as the 6th Directive on Administrative Cooperation (DAC6) requires tax intermediaries or taxpayers to report certain cross-border arrangements that trigger at least one of the hallmarks prescribed in the Directive, commonly known as the…