The Cyprus Tax Department informs that the reporting deadline for submission of Country by Country Reporting for the year 2019 and the notifications for the year 2020 is as follows: For CbC reporting the deadline is the 31st of January 2021 rather than 31st of December 2020; For local CbC reporting due to the secondary [...]
Cyprus and Russia entered into a Double tax Treaty (DTT) back in 1998 in a joint effort to avoid the double taxing of income and capital generated in Cyprus
On 8 September 2020, Cyprus and Russia signed a protocol amending the double taxation treaty following the conclusion of negotiations in August.
Το Τμήμα Φορολογίας, με ανακοίνωση του, πληροφορεί όλα τα νομικά πρόσωπα και τους αντιπροσώπους τους ότι η διμερής Συμφωνία Αρμόδιας Αρχής
The Cyprus Tax Department has announced to all legal entities and their representatives that the bilateral Competent Authority Arrangement (CAA) for the exchange of Country-by-Country
Cyprus is seen as one of the most attractive shipping hubs in the world. A number of ship management companies operating in Cyprus are considered amongst the largest of their type
On 13 March 2018, the EU Member States reached a political agreement on the tax intermediaries’ directive (“the Directive”). The Directive was formally adopted by the EU Council as amendment to Council Directive
Cyprus has established a local trust legislation that is a combination of the English Trustee Act of 1925 and the International Trust Law No.69 (I)/92 as amended by Law 20(I)/2012.
Cyprus has an attractive merger and reorganisation regime between Cyprus entities and cross-border, at EU level. The companies obtain many advantages as a result of merger
Cyprus AIF Regime: In July 2018 the Republic of Cyprus replaced the original Alternative Investment Fund (AIF) Law of 2014 and introduced a more modern and improved regime for AIFs.