Cyprus introduces documentation requirements for certain payments to nonresident companies

29 April 2025|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, Global|Cyprus

Cyprus has implemented new rules introducing documentation requirements for certain payments, effective from 17 April 2025.
Companies making dividend, interest or royalty payments to associated companies for which no tax is withheld must maintain supporting documentation for the recipient company for six years, unless the recipient meets specific residency or tax criteria.
Noncompliance with documentation requirements may result in administrative penalties, ranging from €2,000 to €10,000 depending…

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