Multinational groups (MNEs) with entities in Cyprus must be
aware of the approaching deadlines for Country-by-Country (CbC)
Reporting obligations. These requirements are part of Cyprus'
alignment with global tax transparency standards set by the OECD,
aiming to provide tax authorities with a detailed view of
multinational tax structures and operations. This article offers a
timely reminder and essential details for MNEs to navigate upcoming
reporting deadlines effectively.
Key Deadlines for CbC Reporting in Cyprus
1. December 31, 2024 – Submission Deadlines
The following reporting obligations apply for entities with tax
years ending on December 31:
- CbC Reports for the 2023 Fiscal Year: MNE groups with a fiscal
year ending December 31, 2023, must submit their CbC Reports by
December 31, 2024. This report includes financial data segmented by
jurisdiction, detailing revenue, profit, tax paid, number of
employees, and other relevant information for each country
