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Reference Interest Rates for 2022 for Notional Interest Deduction on New Equity
10/02/2022

The Cyprus Tax Department published on 3 February 2022 the bond yield rates per country as at 31 December 2021 to be considered for the Notional Interest Deduction...

Cyprus and Germany Double Tax Treaty: Protocol Entered in to Force
07/02/2022

The Protocol amending the Double Tax Treaty between Cyprus and Germany entered in to force on 8 December 2021.

Frequently Asked Questions on Back to Back Financing Arrangements
04/02/2022

The Cyprus Tax Department issued, on 24 January 2022, a set of Frequently Asked Questions related to financing arrangements between related parties of a so called Back to Back nature.

UBO Register - ACT NOW!
25/01/2022

The deadline for registration of every company or any other legal entity incorporated in Cyprus to the UBO Register is on 12 March 2022.

Cyprus and Jordan Sign a Double Tax Treaty
10/01/2022

On 17 December 2021 Cyprus and Jordan signed a Double Tax Treaty. The treaty is based on the new OECD Model Tax Convention and includes all the minimum standards of the...

Protocol to Double Tax Treaty Between Cyprus and Switzerland Entered in to Force
15/12/2021

The Protocol, which entered in to force on 3 November 2021, introduces, among others, minimum standards of the OECD Base Erosion and Profit Shifting (BEPS) actions, including...

DAC 6 – Tax Circular Providing Clarifications on Penalties
29/11/2021

On 19 November 2021 the Cyprus Tax Department issued a Circular providing clarifications on the administrative fines imposed for non-compliance with DAC6 reporting obligations.

DAC 6 - Further Extension to the Imposition of Administrative Fines for Overdue Submission of Information
23/11/2021

On 22 November 2021 the Cyprus Tax Department announced a further extension to the period over which no administrative...

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