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Posts Tagged ‘BEPS’

Country by Country Reporting – 31 December 2020 Deadline

31 December 2020 is the submission deadline for the following Country-by-Country (“CbC”) Reporting obligations in Cyprus...

Protocol to Double Tax Treaty between Cyprus and Switzerland

On 20 July 2020, an amending Protocol to the existing Double Tax Treaty of 2014 was signed between the Republic of Cyprus and the Swiss Confederation...

Cyprus Adopts Exit Tax and Hybrid Mismatch ATAD Provisions

On 19 June 2020, the Cyprus Parliament voted into law the provisions of the EU Anti-Tax Avoidance Directives (ATAD I and ATAD II), which had not been transposed in to local legislation before...

EU Council Approves Deferral of DAC6 Reporting Deadlines

The Directive gives Member States the option to defer the application of what is known as DAC6 by six months... 

Notional Interest Deduction on New Equity: Amendments

The provisions of the Income Tax Law related to the Notional Interest Deduction (NID) on New Equity were amended...

EU Commission Proposes Deferral of DAC6 Reporting Deadlines

The EC published a press release on 8 May 2020 proposing a deferral of the reporting deadlines under DAC6 by three months

Reference Interest Rates for 2020 for Notional Interest Deduction on New Equity

The Cyprus Tax Department published on 12 February 2020 the bond yield rates per country as at 31 December 2019 to be considered for...

Cyprus ratifies the Multilateral Instrument

On 22 January 2020, the Instrument of Ratification of the Multilateral Convention to Implement Tax Treaty Related Matters to Prevent Base Erosion and Profit Shifting was published in the Official Gazette of the Republic of Cyprus...

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