Cyprus Tax Agency Extends Reporting Deadline for FATCA, CRS

The Cypriot Tax Department June 24 extended to July 17 the deadline for financial institutions to submit data under: 1) the U.S. Foreign Account Tax Compliance Act (FATCA); and 2) common reporting standards (CRS). The agency extended the deadline in an anticipation of an EU Commission extension for reporting related to the EU directive on the automatic exchange of financial accounts information (DAC2). [Cyprus, Tax Department, 06/24/20]

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