EYCyprus: Anticipated tax measures to be implemented including adoption of withholding taxes on payments made to EU non-cooperative jurisdictions
|Tax Alerts, Legislation & Policy, Na ...|Cyprus, European Union
Executive summary
The Cypriot Council of Ministers approved the Draft Budgetary Plan (DBP) 2021 on 22 October 2020. The DBP will now be laid before the Cyprus House of Representatives. The DBP contains an analysis of the Cypriot economy and forecasts which are based on the latest available results of 2020 (i.e., the cut-off date for the macroeconomic and fiscal forecasts was 29 September …
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