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06 December 2017

Cyprus Country-by-Country Reporting notification deadline approaches for fiscal years ending December 31

In accordance with Cypriot tax legislation, as of January 1, 2016, each constituent entity of a Multinational Group with consolidated revenue exceeding €750 million that is tax resident in Cyprus must file a Country-by-Country (CbC) Reporting Notification with the Cypriot Tax Department. The Notification must contain the identity and tax residence of the Ultimate Parent Entity and the Reporting
Entity of the Multinational Group.

A Global Tax Alert, attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2017-2068

Document ID: 2017-2068

 

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