OECD Global Forum Phase 2 Report On Cyprus Tax Information Exchange Expected Shortly

The OECD Global Forum on Transparency and Exchange of Information for Tax Purposes carries out in-depth peer reviews of 100 major jurisdictions to evaluate whether their national laws allow transparency and international exchange of tax information, and to make recommendations on how the jurisdictions should address any concerns identified during the review.

Cyprus has a network of double taxation avoidance agreements (DTAs) providing for information exchange with more than 50 jurisdictions around the world, and also exchanges tax information with other EU members.
The Global Forum's Phase 1 peer review of Cyprus, published in March 2012, concluded that Cyprus's DTAs generally contain provisions which allow Cyprus to exchange all foreseeably relevant information, and its few recommendations for improvement related to largely technical changes to enhance the availability of ownership and accounting information.