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Cyprus News

Russia To Terminate Cyprus Double Tax Agreement

by Mary Swire,, Hong Kong

Friday, August 7, 2020

The Russian Ministry of Finance has announced that it will seek to terminate the country's double tax agreement with Cyprus, after negotiations broke down on a revision to increase tax on cross-border dividends and interest income. Read Full Story


Switzerland Adds BEPS Provisions To Three Treaties

by Ulrika Lomas,, Brussels

Friday, July 24, 2020

Switzerland has signed protocols to its double taxation agreements with Cyprus, Liechtenstein, and Malta to implement minimum standards developed as part of the OECD's BEPS project. Read Full Story


Cyprus Announces More COVID-19 Tax Breaks

by Jason Gorringe,, London

Thursday, June 25, 2020

The Government of Cyprus has announced a number of new tax support measures for businesses, including a value-added tax rate cut for tourism accommodation providers and restaurants. Read Full Story


BEPS MLI Enters Into Force For Cyprus, Saudi Arabia

by Lorys Charalambous,, Cyprus

Friday, May 15, 2020

The BEPS multilateral convention entered into force for treaties signed by Cyprus and Saudi Arabia on May 1, 2020. Read Full Story


Cyprus Extends Tax Compliance Dates In Light Of COVID-19

by Lorys Charalambous,, Cyprus

Wednesday, April 15, 2020

The Cyprus Government has announced a number of extensions to tax return filing dates. Read Full Story


EU Member States Slow To Implement VAT Quick Fixes

by Ulrika Lomas,, Brussels

Thursday, February 6, 2020

The European Commission has launched infringement proceedings against 14 member states for failing to implement the so-called value-added tax quick fixes. Read Full Story


Many EU States Tardy In Adopting Anti-Tax Avoidance Directives

by Ulrika Lomas,, Brussels

Thursday, February 6, 2020

On January 24, 2020, the European Commission issued formal notices to numerous European Union member states with regards to lapses in the implementation of various EU anti-tax avoidance directives. Read Full Story


EU Approves New Tonnage Tax Schemes

by Ulrika Lomas,, Brussels

Tuesday, December 31, 2019

The EU has approved under state aid rules the introduction of a tonnage tax scheme in Estonia and the prolongation of a tonnage tax scheme in Cyprus. Read Full Story


EU States Shut Down Plans For Public CbC Reporting

by Ulrika Lomas,, Brussels

Monday, December 2, 2019

EU member states have been unable to reach an agreement on proposals to release to the public information on multinational enterprises' tax affairs. Read Full Story


Costa Rica Clarifies Amendments To Non-Cooperative Tax List

by Mike Godfrey,, Washington

Friday, October 18, 2019

Costa Rica's Ministry of Finance has released a statement clarifying its decision to exclude a number of territories with low effective income tax rates from its list of non-cooperative territories. Read Full Story



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