Cyprus Ratifies the Multilateral Convention

Cyprus Ratifies the Multilateral Convention

Cyprus Ratifies the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“MLI”). On 22/01/2020 it was published in the official gazette of the Republic of Cyprus the ratification instrument for MLI, including the MLI, the list of reservations and notifications of Cyprus (“MLI position”) at the time of signature. The effective date of application of MLI is the […]

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Cyprus Tax department issues procedural circular

Cyprus Tax department issues procedural circular

Cyprus Tax department issues procedural circular (ΔΕ5) for the contents of a transfer pricing documentation file On 2 January 2019 the Cyprus Tax department (CT) issued a circular (ΔΕ5) explaining the practice that CT will apply in relation to the documentation of a transfer pricing study. As per the circular: The transfer pricing documentation file needs to be in accordance with OECD Transfer Pricing Guidelines. […]

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Premioconsult (Cyprus) forms Alliance with TPA Global

Premioconsult (Cyprus) forms Alliance with TPA Global

Our firm, Premioconsult Limited, in conjunction with TPA Global takes great pleasure in announcing the formation of an alliance to serve the needs of business in the areas of international tax and transfer pricing.   This new alliance will help to meet the growing demand of multinationals for comprehensive tax, valuation and transfer pricing systems, currently being scrutinized by the administrations as the next revenue […]

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Extension of the application deadline for applying into the scheme of settlement of overdue taxes

Extension of the application deadline for applying into the scheme of settlement of overdue taxes

Extension of the application deadline for applying into the scheme of settlement of overdue taxes The parliament has voted on 29/06/2018 for an extension of the deadline for applying into the scheme of settlement of overdue taxes. The deadline is extended to 03/01/2019. Furthermore the last date of submission of tax forms for participation in the scheme is extended to 31 December 2018. For the […]

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