The Directive (EU) 2018/822, also called DAC6, represents the 6th modification of the Directive 2011/16/EU on Administrative Cooperation (DAC). It introduces various amendments as to expand the provisions of DAC. DAC6 imposes the obligation to report cross-border arrangements which include characteristics indicative of aggressive tax planning on European Union Member States. Who has the obligation to report Since 1 January 2021, a Cross-border Arrangement which involves one o

In an era of global business, with distributed work forces, shifting employee preferences and hiring trends, businesses around the world are embracing this hybrid work models and Cyprus has further fostered a dynamic commercial environment within which businesses can operate. Over the past couple of years, we have seen increasing numbers of international fintech and other international businesses such as Wargaming and French insurance giant Murex relocating to Cyprus citing m