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Posts Tagged ‘Exchange of Information’

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 Beneficial Owners of Corporate and Other Legal Entities (UBO Register).

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).

Clarifications on Country by Country Bilateral Agreement Between Cyprus and the USA

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...

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.

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 Beneficial Owner/s in the Register of Beneficial Owners...

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 from 1 January 2022.  

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 Files and Summary Information Tables...

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...  

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