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UBO Register – Penalties
21/05/2024

The Cyprus Registrar of Companies issued an announcement on 17 May 2024, stressing that in case of change of officers in a company or partners in a partnership, it is the...

Transfer Pricing Rules in Cyprus – New FAQs by Tax Authorities
09/04/2024

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.  

UBO Register – Problematic Cases
15/03/2024

The Cyprus Registrar of Companies issued an announcement on 14 March 2024, focusing on the cases where it is not possible to comply with the obligation to submit information...

Reference Interest Rates for 2024 for Notional Interest Deduction on Equity
14/03/2024

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
05/03/2024

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
26/02/2024

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
12/02/2024

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
06/02/2024

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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