NEWSROOM

Extension of Filing Date for Corporation Tax Return and SIT
30/10/2024

Through an announcement dated 25 October 2024, the Cyprus Tax Department notified that the Council of Ministers of the Republic of Cyprus decided for the extension of the deadline...

Updated EU List of Non-Cooperative Jurisdictions for Tax Purposes
14/10/2024

The EU Council revised its list of non-cooperative jurisdictions for tax purposes on 8 October 2024, removing Antigua and Barbuda.

UBO Register – Annual Confirmation of Data
04/10/2024

With an announcement issued on 25 September 2024, the Cyprus Registrar of Companies reminded about the obligation of entities to confirm the details of their Ultimate Beneficial Owner/s in the Register of Beneficial Owners...

Transfer Pricing– New FAQs by Tax Authorities
02/10/2024

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

Transfer Pricing – Quality Assurance Declaration
26/09/2024

The Cyprus Tax Department issued an announcement related to the Quality Assurance Declaration, which auditors and tax advisors are required to submit in relation to Local Files and Summary Information Tables...

Penalties for UBO Register – Update by Registrar
19/07/2024

With an announcement issued on 16 July 2024, the Cyprus Registrar of Companies notified that the announcement of 17 May 2024, on penalties related to...  

Reference Interest Rates for Montenegro and Cameroon for Notional Interest Deduction on Equity
15/07/2024

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
22/05/2024

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.

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