OrbitaxOrbitax

Cyprus Extends Deadline for Annual DAC7 Reporting

|Approved Changes|Cyprus
Cyprus

The Cyprus Tax Department has announced an extension in the reporting deadline for reporting platform operators to submit DAC7 data in respect of 2023. DAC7 is meant to address issues resulting from the use of digital platforms and includes an obligation for digital platform operators to report the income earned by sellers on their platforms and for EU Member States to automatically exchange t…

Continue Reading