Exchange of Information

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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 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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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

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Penalties for UBO Register – Update by Registrar

With an announcement issued on 16 July 2024, the Cyprus Registrar of Companies notified that the announcement of 17 May 2024, on penalties related to......

19 July 2024

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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