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Posts Tagged ‘OECD’

Cyprus Tax Department Issues Guidance Related to Tax Residency During the COVID-19 Crisis

On 27 October 2020 the Cyprus Tax Department issued Implementing Directive 4, related to tax residency during the COVID-19...

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...

Cyprus – Russia Double Tax Treaty: Important Amendments

On 10 August 2020, the Republic of Cyprus and the Russian Federation have agreed to amend their Double Tax Treaty... 

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...

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...

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