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Posts Tagged ‘EU’

Transfer Pricing – Revised Thresholds

On 1 February 2024, the Cyprus Tax Department published revised thresholds for what concerns the obligation to prepare a Local File for transactions with related parties (known as “Controlled Transactions”).

Cancellation of Penalties for Late Submission of Data to UBO Register

The Cyprus Registrar of Companies announced, on 31 January 2024, that any penalties imposed for late submission of data to the Register of Beneficial Owners of Corporate and Other Legal Entities (UBO Register) are waived.

Extension of Deadline for Submission of Data on UBO Register

The Cyprus Registrar of Companies announced, on 17 January 2024, the extension of the deadline for submission of data to the Register of Beneficial Owners of Corporate and Other Legal Entities...

Important Updates in Relation to DAC7

Following the implementation of EU Council Directive 2021/514 (DAC7), which amended Directive 2011/16 on administrative cooperation in the field of taxation (DAC), in to local legislation...

Extension of Deadline for Verification of Data on UBO Register

The Cyprus Registrar of Companies issued a directive in the Official Gazette of the Republic of Cyprus on 15 December 2023, based on which the Period A of the transition to the final solution of the electronic system of the Register of Beneficial Owners...

Final Solution of UBO Register Implemented

The Cyprus Registrar of Companies announced that as from 14 November 2023 the final solution of the electronic system of the Register of Beneficial Owners of Corporate and Other Legal Entities has entered in to implementation.

EU Revises List of Non-Cooperative Jurisdictions for Tax Purposes

The EU Council revised its list of non-cooperative jurisdictions for tax purposes on 17 October 2023, adding Seychelles, Belize and Antigua and Barbuda.

UBO Register – Companies Under Strike-Off

The Cyprus Registrar of Companies issued an announcement on 22 September 2023, clarifying that all companies which have applied for a strike-off from the registry...

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