Cyprus Publishes Announcement on Decree for CbC Reporting

The Cyprus Tax Department has published an announcement regarding the Decree for the automatic exchange of Country-by-Country Reports (Regulation P.I. 401/2016). The announcement notes that:

1. The Decree is expected to be reissued by the Minister of Finance. The amended degree will be available on the departments’ website.
2. The due date for submitting the notifications required by the liable entities is the last day of the accounting year for submitting a country by country report. For the acc…