Executive summary
On 29 October 2021, the Cypriot Ministry of Finance (MoF) issued guidelines (Guidelines) in the form of a Ministerial decree (Decree N. 438/2021 or the “Decree”) on the Cypriot Mandatory Disclosure Rules (MDR) Law (Law 41(I)/2021 of 31 March 2021, amending Law 205(I)/2012 on Administrative Cooperation in the Field of Taxation of 2012, hereinafter referred to as the Law).
The Guidelines provide clarity on the interpretation of key terms of the Law as analyzed below.
The below detai…