The Cyprus Tax Department announced on 15 December 2020 that the submission deadline for the following Country-by-Country (CbC) Reporting obligations in Cyprus is extended from 31 December 2020 to 31 January 2021:
• Submission of CbC Reports for the 2019 Reporting Fiscal Year (in respect of Multinational Enterprise (MNE) groups which have a year end of 31 December 2019).
• Submission of CbC Notifications for the 2020 Reporting Fiscal Year, (in respect of MNE groups which have a year end of 31 December 2020).
For more details on CbC Reporting you can refer to our previous newsfeed on this.
