ATAD 3: EU Unshell Directive
The Directive targets EU tax resident entities that are engaged in cross-border economic activities but have little or no economic…
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Reference Interest Rates for 2023 for Notional Interest Deduction on Equity
The Cyprus Tax Department published on 16 March 2023 the bond yield rates as at 31 December 2022 for a…
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Extension of VAT Return Submission Deadline
The Tax Department announced on 17 March 2023 that the deadline for submission of VAT returns is extended as follows...
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Tax For All Portal Going Live
The Tax Department announced that the Tax For All Portal will go live on 27 March 2023.In the announcement the…
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Transfer Pricing Rules in Cyprus – Additional FAQs by Tax Authorities
The Cyprus Tax Department issued additional Frequently Asked Questions (FAQs) on its website, providing guidance on certain aspects of the…
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EU Expands List of Non-Compliant Tax Jurisdictions to Include Russia, BVI, Costa Rica, and Marshall Islands
The EU Council revised its list of non-cooperative jurisdictions for tax purposes on 14 February 2023, adding Russia, the British…
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Transfer Pricing Rules in Cyprus – FAQs by Tax Authorities
The Cyprus Tax Department issued a series of Frequently Asked Questions (FAQs) on its website, providing guidance on certain aspects…
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Foreign Interest Companies – Important Amendment
On 30 November 2022, the Council of Ministers approved the Amendment of the Policy for the Registration of Companies in…
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Termination of Special Tax Treatment for “Back to Back” Financing Arrangements
Through a circular issued on 5 January 2023, the Cyprus Tax Authorities announced that the provisions of circulars issued in…
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