NEWSROOM

Extension of Deadline for Verification of Data on UBO Register
18/12/2023

The Cyprus Registrar of Companies issued a directive in the Official Gazette of the Republic of Cyprus on 15 December 2023, based on which the Period A of the transition to the final solution of the electronic system of the Register of Beneficial Owners...

Final Solution of UBO Register Implemented
17/11/2023

The Cyprus Registrar of Companies announced that as from 14 November 2023 the final solution of the electronic system of the Register of Beneficial Owners of Corporate and Other Legal Entities has entered in to implementation.

Cyprus and Croatia Sign a Double Tax Treaty
10/11/2023

On 17 October 2023 Cyprus and Croatia signed a Double Tax Treaty (DTT). The treaty was published in the Official Gazette of the Republic of Cyprus on 27 October 2023.

EU Revises List of Non-Cooperative Jurisdictions for Tax Purposes
19/10/2023

The EU Council revised its list of non-cooperative jurisdictions for tax purposes on 17 October 2023, adding Seychelles, Belize and Antigua and Barbuda.

UBO Register – Companies Under Strike-Off
29/09/2023

The Cyprus Registrar of Companies issued an announcement on 22 September 2023, clarifying that all companies which have applied for a strike-off from the registry...

Announcement by Registrar of Companies for UBO Register
13/09/2023

On 1 September 2023 the Cyprus Registrar of Companies issued an announcement in view of the upcoming implementation of the final solution of the electronic system of the Register of Beneficial Owners that is expected to take place around the end of October 2023.

Transfer Pricing - Assessment Method for Financing Transactions
14/07/2023

Through a circular issued on 7 July 2023, the Cyprus Tax Department (TD) clarified the method it considers as the most appropriate for determining the arm’s length pricing for financing transactions, including those of a “back-to-back” nature.

Transfer Pricing Circular for Transactions Under the Local File Threshold
12/07/2023

The Cyprus Tax Department issued a circular for transactions falling below the threshold for the preparation of a Local File.

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