NEWSROOM

Clarifications on Country by Country Reporting Agreement between Cyprus and the USA
24/10/2022

Through an announcement issued on 13 October 2022 the Cyprus Tax Department clarified that the bilateral Competent Authority Arrangement for the exchange of...

Transfer Pricing Rules in Cyprus – Guidance by Tax Authorities
30/09/2022

The Cyprus Tax Department issued a notification providing guidance related to the Transfer Pricing (TP) documentation requirements.

Country by Country Reporting – 31 December 2022 Deadline
21/09/2022

31 December 2022 is the submission deadline for the following Country-by-Country (CbC) Reporting obligations in Cyprus:

• Submission of CbC Reports for the 2021 Reporting Fiscal Year...

Increased Tax Deduction for Research and Development Expenses
11/07/2022

An amendment to the Income Tax Law (the ‘Law’) was voted by the Cyprus Parliament on 7 July 2022 in order to allow for an increased tax deduction on...

Introduction of Transfer Pricing Rules in Cyprus
05/07/2022

On 30 June 2022, the Cyprus Parliament voted in to law a package of measures introducing detailed Transfer Pricing (TP) requirements for businesses. The measures are in line with...

Change of Data at the Registrar of Companies for Sanctioned Companies
01/06/2022

The Cyprus Registrar of Companies (the “Registrar”) announced on 30 May 2022 that for companies the name of which and/or the name of their shareholders, directors or ultimate beneficial owners...

Cyprus – Jordan Double Tax Treaty in Force
30/05/2022

The treaty entered in to force on 11 April 2022 and it generally applies as from 1 January 2023.

Extension of Income Tax 50% Exemption Approved by Council of Ministers
12/05/2022

The Council of Ministers approved on 10 May 2022 the significant improvement of an incentive aimed at attracting foreign companies and highly skilled staff to Cyprus.

View all news
<< 4 >> of 20