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Posts Tagged ‘International’

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...

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 of the deadline...

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.

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...

Cyprus - Tax Treatment of Non-Refundable Capital Contributions

Through Interpretative Circular 25, released on 3 September 2018, the Cyprus Tax Department clarifies the tax treatment of non-refundable capital contributions... 

Reference Interest Rates for Montenegro and Cameroon for Notional Interest Deduction on Equity

The Cyprus Tax Department published on 5 July 2024 the bond yield rates as at 31 December 2022 and 2023 for Montenegro and Cameroon, to be considered for...

Transfer Pricing Rules – Submission of SIT

On 20 May 2024 the Cyprus Tax Department announced that as from 27 May 2024 the Summary Information Table will be submitted only though the Tax For All Portal.

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