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...
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...
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.
The EU Council revised its list of non-cooperative jurisdictions for tax purposes on 17 October 2023, adding Seychelles, Belize and Antigua and Barbuda.
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...
On 1 September 2023 the Cyprus Registrar of Companies issued an announcement in view of the upcoming implementation of the final solution of the electronic system of the Register of Beneficial Owners that is expected to take place around the end of October 2023.
The ratification procedure in both countries has been completed and the Double Tax Treaty will enter in to force on 30 June 2023. It will generally apply as from 1 January 2024.
The Directive targets EU tax resident entities that are engaged in cross-border economic activities but have little or no economic substance, known as “shell entities”.
