Clarifications on Country by Country Reporting Agreement between Cyprus and the USA
Through an announcement issued on 13 October 2022 the Cyprus Tax Department clarified that the bilateral Competent Authority Arrangement for the exchange of......
29 November 2024
Double Tax Treaty between Cyprus and Luxembourg enters in to force
The Double Tax Treaty between Cyprus and Luxembourg entered into force on 21 May 2018...
29 May 2024
Extension of Deadline for Submission of Data on UBO Register
The Cyprus Registrar of Companies announced, on 17 January 2024, the extension of the deadline for submission of data to the Register of Beneficial Owners of...
05 February 2024
Cancellation of Penalties for Late Submission of Data to UBO Register
The Cyprus Registrar of Companies announced, on 31 January 2024, that any penalties imposed for late submission of data to the Register of Beneficial Owners of...
05 February 2024
Double Tax Treaty Between Cyprus and Croatia in Application
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...
05 February 2024
Cyprus and France Sign a New Double Tax Treaty
On 11 December 2023 Cyprus and France signed a Double Tax Treaty (DTT) which, once it enters in to force, will replace the existing treaty between...
05 January 2024
Important Updates in Relation to DAC7
Following the implementation of EU Council Directive 2021/514 (DAC7), which amended Directive 2011/16 on administrative cooperation in the field of taxation (DAC), in to local legislation......
05 January 2024
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 Virgin Islands (BVI), Costa Rica and...
05 November 2023
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 substance, known as “shell entities”....
