BEPS

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Reference Interest Rates for 2025 for Notional Interest Deduction on Equity

The Cyprus Tax Department published on 14 February 2025 the bond yield rates as at 31 December 2024 for a number of countries, to be considered...

19 February 2025

Filing of Tax Return and SIT

Grace Period for Filing of Corporation Tax Return and SIT for 2022

On 12 February 2025 the Cyprus Tax Department announced that while the deadline for submission of the Corporation Tax Return for 2022 for taxpayers with an...

14 February 2025

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Cyprus Introduces Global Minimum Tax for Multinational and Large Domestic Groups

The Directive is set to ensure a global minimum level of taxation for multinational enterprise groups and large domestic groups in the EU. It introduces a...

17 December 2024

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Cyprus and Oman Sign a Double Tax Treaty

On 8 December 2024 the Republic of Cyprus and the Sultanate of Oman signed a Double Tax Treaty (DTT)....

16 December 2024

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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

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Extension of Filing Date for Corporation Tax Return and SIT

Through an announcement dated 25 October 2024, the Cyprus Tax Department notified that the Council of Ministers of the Republic of Cyprus decided for the extension...

26 October 2024

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Transfer Pricing– New FAQs by Tax Authorities

The Cyprus Tax Department issued new Frequently Asked Questions (FAQs) on its website, providing guidance on certain aspects of the Transfer Pricing rules introduced with effect...

02 October 2024

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Transfer Pricing – Quality Assurance Declaration

The Cyprus Tax Department issued an announcement related to the Quality Assurance Declaration, which auditors and tax advisors are required to submit in relation to Local...

26 September 2024

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Reference Interest Rates for Montenegro and Cameroon for Notional Interest Deduction on Equity

The Cyprus Tax Department published on 5 July 2024 the bond yield rates as at 31 December 2022 and 2023 for Montenegro and Cameroon, to be...

15 July 2024