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Cyprus Extends Deadline for Annual DAC7 Reporting

  • The Cyprus Tax Department has extended the reporting deadline for DAC7 data submission in respect of 2023 to 16 February 2024.
  • DAC7 addresses issues from digital platforms, requiring operators to report sellers’ income and Member States to exchange this information.
  • The new rules generally apply from 1 January 2023 with reporting due by 31 January of the following year.
  • Late submission after 16 February may incur penalties. Instructions for submitting DAC7 data involve registering with the Government Gateway Portal CY Login and then registering to the DAC7 e-service using the DAC7 Portal.
  • Data can be submitted in XML format.

Source Orbitax

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