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Posts Tagged ‘International’

Reference Interest Rates for Montenegro and Cameroon for Notional Interest Deduction on Equity

The Cyprus Tax Department published on 5 July 2024 the bond yield rates as at 31 December 2022 and 2023 for Montenegro and Cameroon, to be considered for...

Transfer Pricing Rules – Submission of SIT

On 20 May 2024 the Cyprus Tax Department announced that as from 27 May 2024 the Summary Information Table will be submitted only though the Tax For All Portal.

Transfer Pricing Rules in Cyprus – New FAQs by Tax Authorities

The Cyprus Tax Department issued new Frequently Asked Questions on its website, providing guidance on certain aspects of the Transfer Pricing Rules introduced with effect from 1 January 2022.  

Reference Interest Rates for 2024 for Notional Interest Deduction on Equity

The Cyprus Tax Department published on 7 March 2024 the bond yield rates as at 31 December 2023 for a number of countries, to be considered for the Notional Interest Deduction to which equity injected in to Cyprus companies...

EU List of Non-Cooperative Jurisdictions for Tax Purposes – Removals

The EU Council revised its list of non-cooperative jurisdictions for tax purposes on 20 February 2024, removing the Bahamas, Belize, Seychelles and Turks & Caicos Islands.

Corporation Tax Return and SIT Filing Date Extended

Through an announcement dated 23 February 2024, the Cyprus Tax Department notified a decree issued by the Council of Ministers of the Republic of Cyprus providing for the extension of the deadline...

Double Tax Treaty Between Cyprus and Croatia in Application

Through a circular issued on 1 February 2024 the Cyprus Tax Department announced that the necessary procedures for ratification of the Double Tax Treaty between  Cyprus and Croatia were completed...

Transfer Pricing – Revised Thresholds

On 1 February 2024, the Cyprus Tax Department published revised thresholds for what concerns the obligation to prepare a Local File for transactions with related parties (known as “Controlled Transactions”).

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