25 September 2018 Cyprus issues announcement on Country-by-Country Reporting obligations related to CbCR exchange relationships The Cypriot Tax Department issued an announcement on September 19, regarding Country-by-Country Reporting (CbCR) obligations related to CbCR exchange relationships. Constituent entities with a Cypriot Ultimate Parent Entity (UPE) will not be subject to local filing in their jurisdiction of tax residency, provided the relevant CbC Multilateral Competent Authority Agreement (MCAA) is activated between Cyprus and the other jurisdiction. Document ID: 2018-1884 |