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EU List Of Third Country Non-Cooperative Jurisdictions In Tax Matters – Updated October & November 2019
EU List Of Third Country Non-Cooperative Jurisdictions In Tax Matters – Updated October & November 2019
PwC Cyprus
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EU List Of Third Country Non– Cooperative Jurisdictions For Tax Purposes – Updated October 2020
On 6 October 2020 the ECOFIN Council updated the EU list of third country non-cooperative jurisdictions for tax purposes (commonly referred to as the EU 'blacklist')...PwC Cyprus - Article
EU List Of Third Country Noncooperative Jurisdictions In Tax Matters – Updated May 2019
The updated EU ‘blacklist' and EU ‘greylist' will be effective as from their date of publication in the Official Journal of the European Union.PwC Cyprus - Article
EC Proposes Postponement Of VAT E-Commerce Rules And DAC2/DAC6 Deadlines Due To COVID-19
The EC issued a Press Release on 8 May 2020, to announce its decision to propose the postponement of two EU taxation measures to take account of the difficulties that businesses and EU Member States are facing at the moment ...PwC Cyprus - Article
ECOFIN Council Publishes EU List Of Third Country Non-Cooperative Jurisdictions In Tax Matters
On 5 December 2017, the ECOFIN Council published its conclusions on the EU common list of (third country) non-cooperative jurisdictions in tax matters, also referred to as the ‘blacklist'.PwC Cyprus - Article
Tax Facts & Figures 2023 - Capital Gains Tax
Capital Gains Tax (CGT) is imposed (where the disposal is not subject to income tax) at the rate of 20% on gains from the disposal of immovable property situated in Cyprus including gains...PwC Cyprus - Article
Abolition Of Balancing Statement On Disposal Of Intangible Assets And Clarification On Future Usage Of Unclaimed Tax Amortisation Capacity: Cyprus Income Tax Law Amendment Approved By Parliament
On 17 July 2020 the Cyprus Parliament voted to amend certain provisions relating to all types of capitalnature intangible assets (other than Intellectual Property ("IP")...PwC Cyprus - Article
Bills For Prevention Of Tax Abuse Submitted To The Cyprus Parliament
The Cypriot Ministry of Finance (MoF) submitted to Parliament two bills for amending the tax legislation, with the purpose of strengthening the Cyprus tax framework for the prevention of tax abuse, tax evasion and tax avoidance.PwC Cyprus - Article
Protocol Amending The Cyprus-Switzerland Double Tax Treaty ("DTT") Enters Into Force
The Protocol amending the Cyprus-Switzerland Double Tax Treaty entered into force on the 3rd of November 2021.PwC Cyprus - Article
EU List Of Third Country Noncooperative Jurisdictions In Tax Matters – Updated February 2020
The updated EU ‘blacklist' and the EU ‘greylist' are effective as from 27 February 2020, being their date of publication in the Official Journal of the European Union.PwC Cyprus - Article
Tax Facts & Figures 2023 - Transfer Pricing
With effect as from 1 January 2022, transfer pricing documentation requirements have been introduced. The transfer pricing documentation compliance obligations include the preparation of Master File...PwC Cyprus - Article
Additional Support Measures Taken By Cyprus Government In Response To Covid-19
As part of the measures implemented by the Cyprus Government to mitigate the effects of Covid-19, additional measures implemented.PwC Cyprus - Article
Protocol Amending The Cyprus - Russia Double Tax Treaty (DTT) Has Been Agreed
The Protocol to the Cyprus-Russia DTT which amends the withholding tax rate on dividend and interest payments was agreed yesterday by the competent authorities of the two States.PwC Cyprus - Article
Cyprus-Egypt New Double Tax Treaty: Effective As From 1 January 2021
The new Double Tax Treaty (DTT) between Cyprus and Egypt, which was signed on 8 October 2019 and which entered into force on 31 July 2020, is effective as from 1 January 2021...PwC Cyprus - Article
The Minister Of Finance Issued A Decree Providing Guidance On Key Provisions Of The DAC6 Implementing Law
For background, please refer to our Tax Update Newsletters N-9-2021, N-15-2021 and N-26-2021.PwC Cyprus - Article
Indirect Tax Advisory Newsletter
On 21 February 2019, released Circular 231 was released which provides the Tax Authority's interpretative guidance in relation to the right of access or use of sport facilities.PwC Cyprus - Article
Imposition Of 10% Additional Tax For Employees/Pensioners With Other Income Apart From Employment Income/Pension
On 19 October 2021 the Tax Department issued Interpretative Circular No.54 (‘IC 54') ‘Imposition of 10% additional tax for employees with other income apart from employment income'.PwC Cyprus - Article
The Cyprus Parliament Voted Amendments To The Procedure For Settlement Of Overdue Taxes Law 4(I)/2017
On 29 April 2021 an amendment (the "Law Amendment'') to certain provisions relating to the Procedure for Settlement of Overdue Taxes Law 4(I)/2017 (the "Law") was published in...PwC Cyprus - Article
Upcoming Update On The Guidance Document For Customs Valuation: Removal Of The Concept Of "Domestic Sale"
On 30 October 2018, the European Commission published the minutes of the latest meeting of the Customs Expert Group (CEG) on customs valuation.PwC Cyprus - Article
Minister Of Finance Issued A Decree Extending The Deadline For Submission Of Certain Direct Tax Returns
On 12 March 2021 the Minister of Finance issued a decree extending the deadline for submission of certain direct tax returns.PwC Cyprus
