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Cyprus Tax News

Tax Treaty between Cyprus and Kyrgyzstan Under Negotiation22 September 2023
Cyprus Extends Temporary Zero VAT Rate for Basic Goods20 September 2023
EY Global Tax Controversy Flash Newsletter (Issue 61) | Companies should begin Pillar Two preparations to prevent double taxation, tax disputes15 August 2023
Russia Suspends Beneficial Withholding Tax Rates Under Tax Treaties with Unfriendly Countries10 August 2023
Hungary Publishes MLI Synthesized Texts of Tax Treaties with Albania, Australia, Austria, Belgium, Bosnia and Herzegovina, Canada, Croatia, and Cyprus7 August 2023
Cyprus Amends Scope of Supplies Subject to 3% and 0% VAT Rates3 August 2023
Cyprus Publishes Additional Reference Rates for Notional Interest Deduction in 2023, 2022, and 20212 August 2023
European Commission Adopts Package of Infringement Decisions on Failure to Transpose EU Legislation Including Public CbC Reporting1 August 2023
Cyprus Circular on Transfer Pricing Method for Back-to-Back Loans26 July 2023
Cyprus Amends Incentives Conditions for Non-Resident Individuals that Become Employed in Cyprus20 July 2023
European Commission Infringements Package for July 2023 Includes Issues for Belgium, Cyprus, Greece, Hungary, Luxembourg, Poland, Portugal, and Spain18 July 2023
Cyprus tax authorities issue transfer pricing guidance on the pricing of 'back-to-back' financing transactions17 July 2023
Cyprus tax authorities issue transfer pricing simplification measures12 July 2023
Cyprus Circular on Minimum Transfer Pricing Documentation and Simplification Measures12 July 2023
Tax Treaty between Cyprus and the Netherlands has Entered into Force30 June 2023
EY Global Tax Controversy Flash Newsletter (Issue 59) | US IRS implements pre-screening process for taxpayers seeking APAs15 June 2023
European Commission Sends Reasoned Opinion to Cyprus on VAT Rules for Dwellings5 June 2023
EY Global Tax Controversy Flash Newsletter (Issue 58) | New global survey from EY highlights business concerns on the outlook for tax audits and disputes16 May 2023
Cyprus Provides Temporary Zero VAT Rate for Basic Goods and Extends Zero Rate for COVID Tests and Vaccines11 May 2023
The Netherlands Ratifies Pending Tax Treaty with Cyprus9 May 2023
Dutch Senate Approves Pending Tax Treaty with Cyprus21 April 2023
Dutch House of Representatives Approves Pending Tax Treaty with Cyprus7 April 2023
Cyprus Publishes Reference Rates for Notional Interest Deduction in 202323 March 2023
Cyprus Tax Authority publishes 10-year government bond yield rates for NID purposes20 March 2023
Cyprus Tax Incentives for Energy-Saving Investments14 March 2023
EY Global Tax Controversy Flash Newsletter (Issue 56) | EY comments on BEPS 2.0 consultation documents identify key issues impacting tax certainty for multinationals14 March 2023
Cyprus Tax Authority issues FAQs on new transfer pricing legislation24 February 2023
Cyprus Provides FAQs on New Transfer Pricing Rules22 February 2023
Cyprus | Update of EU list of non-cooperative jurisdictions may trigger withholding tax and other implications20 February 2023
EY Global Tax Controversy Flash Newsletter (Issue 55) | HMRC evolves its compliance approach with new ‘Guidelines for Compliance’14 February 2023