EYEY

Cyprus tax authorities issue clarification note regarding Bilateral Agreement with the United States

|Tax Alerts, Treaties, National/Federal T ...|United States, Cyprus
United States, Cyprus

  • Cyprus tax officials have announced that the bilateral Competent Authority Agreement for the exchange of Country-by-Country reports with the United States, which is still under negotiation, is expected to be effective for reporting financial years (RFYs) beginning on or after 1 January 2024.
  • A secondary filing mechanism for a Cypriot Constituent Entity (CE) of a multinational enterprise group with …

Continue Reading