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Posts Tagged ‘EU’

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.

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...

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... 

Tax Circular on 50% Exemption of Remuneration from Income Tax

On 8 July 2024 the Cyprus Tax Department issued Circular 04/2024 entitled “50% exemption from Income Tax on remuneration from employment exercised in the Republic”.

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