EU

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UBO Register – Important Developments

The Prevention and Combating of Money Laundering Law of 2024 was published on 6 December 2024, introducing significant changes to obligations related to the Register of...

20 December 2024

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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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Updated EU List of Non-Cooperative Jurisdictions for Tax Purposes

The EU Council revised its list of non-cooperative jurisdictions for tax purposes on 8 October 2024, removing Antigua and Barbuda....

14 October 2024

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UBO Register – Annual Confirmation of Data

With an announcement issued on 25 September 2024, the Cyprus Registrar of Companies reminded about the obligation of entities to confirm the details of their Ultimate...

04 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