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DAC6 constitutes one of the most notable breakthroughs in the field of automatic exchange of information in the last years.

A newsletter has been issued by the Tax Department on the new VAT rules relating to cross-border e-commerce (business-to-consumer – B2C). The rules will enter into force from the 01st of July 2021.

According the Cyprus Income Tax Laws, all companies that will have taxable income for tax year 2021 should submit to the Tax Authorities by 31 July 2021, a temporary tax return form.

The Republic of Cyprus and the United States have signed the Intergovernmental agreement to strengthen the international tax cooperation for the implementation of FATCA.

Companies and individuals who are required to submit their 2020 tax estimate and pay the associated first instalment of temporary tax by 31 July 2020

An individual is considered to be tax resident in the Republic of Cyprus provided that he/she was physically present in the Republic of Cyprus for a period exceeding 183 days.

03/07/2020 According to the Cyprus Income Tax Laws, all companies that will have taxable income for tax year 2020 should submit to the Tax Authorities by 31 July 2020...

The Cyprus Parliament on 19 June 2020 has voted the Cyprus transposition of the European Union (EU) Anti-Tax Avoidance Directive (ATAD) for Exit taxation and Hybrid mismatch rules.

On 1 November 2022, the Cyprus Tax Department issued the interpretative Circular 10/2022 which elaborates with practical examples on the tax incentives that ...

On 24 January 2022, the Cyprus Tax Department published a new "Frequently Asked Questions (FAQs)"section on its website on Transfer Pricing (TP).

Cyprus was the last member of the European Economic Area with which the Netherlands did not yet conclude a double tax treaty.

As of the 2nd November 2020, the pertinent Cyprus VAT Law has been amended to provide for an allowance the VAT- Registered persons to settle the VAT...

Law 33(I) of 2018 amends the Law Regarding Administrative Cooperation in the Field of Taxation of 2012 to 2017 to bring it into line with the latest EU directive on mandatory automatic exchange ...

Law 97 (I) of 2017 amends the Assessment and Collection of Taxes Law of 1978 to 2016 ("the ACT Law") with effect from 14 July 2017

On April 27 2016 the Ministry of Finance announced that it intends to make the necessary amendments to domestic law in order to introduce country-by-country reporting...

Article 10 of the double taxation agreement between Cyprus and Russia, as modified by the protocol dated 7 October 2010, provides that withholding tax payable on dividends paid by companies resident...

Base erosion and profit shifting (BEPS) is a tax planning framework introduced by the OECD to target gaps and inconsistencies in tax legislation, which means large multinationals underpay...