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 Beneficial Owners of Corporate and Other Legal Entities (UBO Register).
On 8 December 2024 the Republic of Cyprus and the Sultanate of Oman signed a Double Tax Treaty (DTT).
Through an announcement issued on 19 November 2024 the Cyprus Tax Department clarified that the bilateral Competent Authority Arrangement (CAA) for the exchange of Country-by-Country (CbC) Reports between...
The EU Council revised its list of non-cooperative jurisdictions for tax purposes on 8 October 2024, removing Antigua and Barbuda.
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 Beneficial Owner/s in the Register of Beneficial Owners...
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 from 1 January 2022.
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 Files and Summary Information Tables...
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...
