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ARTICLE · 08 JUNE 2015

Recent Tax Treaty Developments In Cyprus

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Th e Cyprus Government has published a draft law amending the Assessment and Collection of Taxes Law (Law 4 of 1978) in order to facilitate implementation of agreements for automatic exchange of information with other countries.

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Proposed Amendments To Cyprus's Assessment And Collection Of Taxes Law

The Cyprus Government has published a draft law amending the Assessment and Collection of Taxes Law (Law 4 of 1978) in order to facilitate implementation of agreements for automatic exchange of information with other countries.

When it is enacted, the Assessment and Collection of Taxes Law (Amendment) Law of 2015, which was published in the Official Gazette of the Republic No. 4159 on March 23, 2015, will add two new subsections, numbered 15 and 16, to Article 6 of the Assessment and Collection of Taxes Law. The new subsections regulate the arrangements under which the Commissioner of Taxation may provide information obtained from any person to implement agreements for automatic exchange of information between the Republic of Cyprus and another country, whether an EU member state or a third country.

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