NEWSROOM

Extension of Period Over Which No Administrative Fines Related to DAC6 will be Imposed
07/06/2021

The Cyprus Tax Department announced an extension to the period over which no administrative fines for overdue submission of DAC6 information will be imposed.

Cyprus and the Netherlands sign a Double Tax Treaty
02/06/2021

On 1 June 2021 Cyprus and the Netherlands signed a Double Tax Treaty.

Ultimate Beneficial Owner Register – Penalties During the Interim Solution Period
27/05/2021

On 25 May 2021 the Registrar of Companies announced that no penalties will be imposed during the interim solution period, including...

Ultimate Beneficial Owner Register for Cyprus Companies – Extension of Deadline
21/04/2021

On 21 April 2021 the Registrar of Companies announced that the deadline  for existing companies in order to submit their Ultimate Beneficial Owner data...

DAC6 Legislation Voted by Cyprus Parliament
23/03/2021

On 18 March 2021 the Cyprus Parliament voted into law the provisions of the EU Directive on Administrative Cooperation, commonly known as DAC6.

Ultimate Beneficial Owner Register for Companies – Time to Act
17/03/2021

On 12 March 2021, the Registrar issued a directive with guidelines regarding the maintenance and operation of the Register, as well as...

Cyprus – Russia Double Tax Treaty: Amending Protocol Comes in to Effect
02/03/2021

The ratification procedure has been completed and the protocol came in to effect on 15 January 2021 and it is applicable as from...

Imposition of Administrative Fines Related to Late DAC6 Reporting
01/03/2021

On 26 February 2021 the Tax Department announced that there will be no imposition of administrative fines for overdue submission of DAC6 information that will be submitted until the 30 June 2021, related to...

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