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    Tax-News.com: Cyprus Issues New CbC Filing Notification

    The Cyprus Tax Department has released a notice on the obligation on Cypriot constituent entities of multinational groups to file a CbC report in Cyprus where the ultimate parent entity files in a territory without an exchange of information arrangement with Cyprus. Continue reading...
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    Tax-News.com: New Cypriot E-Payment Obligation From June 2018

    Cyprus's Department of Taxation said recently that it will accept only electronic payment for the main tax heads from June 1, 2018. Continue reading...
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    Tax-News.com: Advance Pricing Agreements 'At Record High' In EU

    The number of advance pricing agreements between EU member states and companies rose by 64 percent from 2015 to 2016, according to research by Eurodad. Continue reading...
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    Tax-News.com: EU Challenges Yacht VAT Avoidance In Three States

    The European Commission has sent letters of formal notice to Cyprus, Greece, and Malta for not levying the correct amount of value-added tax on yachts. Continue reading...
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    Tax-News.com: Cyprus, Saudi Arabia Negotiate Double Tax Agreement

    Cyprus's Ministry of Finance says the island has signed a double tax agreement with Saudi Arabia with respect to taxes on income and for the prevention of tax evasion. Continue reading...
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    Tax-News.com: EU Reports On States' Tax Reforms In 2017

    The European Commission has released the 2017 edition of its survey of Tax Policies in the European Union, looking at the reforms undertaken by EU member states during the year. Continue reading...
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    Tax-News.com: Cyprus Extends Deadline For CbC Reporting Entity Notification

    The Cypriot tax authority has extended until January 15, 2018, the deadline for multinational corporations to submit their notifications concerning country-by-country reporting for 2017. The deadline had been December 31. Continue reading...
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    Tax-News.com: EU Commission Warns Of Tax Scam Letters

    The European Commission has warned taxpayers in Europe of letters being sent by fraudsters bearing its name and demanding the payment of tax not due. Continue reading...
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    Tax-News.com: Cyprus Should Reinstate Immovable Property Tax: IMF

    Cyprus should consider reinstating the immovably property tax to boost revenues, the International Monetary Fund has said. Continue reading...
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    Tax-News.com: EU's PANA Committee Visits Switzerland

    A delegation from the European Parliament's PANA Committee will travel to Switzerland to discuss the efforts being taken to combat money laundering, terrorist financing, and tax offences. Continue reading...
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    EU Criticizes France's Inefficient VAT System

    The European Commission has released a paper recommending improvements to France's "inefficient" value-added tax system, including that the country do away with broadly applying reduced VAT rates. Continue reading...
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    Tax-News.com: International Support For Beneficial Ownership Info Exchange

    More than 20 jurisdictions have signed up to a pilot project to exchange data held on beneficial ownership registers and registers of trusts, according to UK Chancellor George Osborne. Continue reading...
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    Commission To Probe All EU Advance Tax Rulings

    The European Commission has announced that its ongoing inquiry into advance tax rulings will be expanded to cover all European Union member states. Continue reading...
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    Tax-News.com: US And Cyprus Sign FATCA Deal

    On December 2, an intergovernmental agreement for the implementation of the Foreign Account Tax Compliance Act was signed between Cyprus and the United States. Continue reading...
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    Tax-News.com: EU Car Makers Fear Tax Hike For New Cars

    European car manufacturers have called on governments to ensure that a new test for measuring vehicle emissions does not create tax distortions for new cars entering the market. Continue reading...
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    Tax-News.com: Cyprus Opens New Tax Amnesty For Past Tax Dues

    Cyprus's Tax Department has released details of a tax amnesty, which entered into force on July 3, 2017. Continue reading...
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    Tax-News.com: Tax 'Lost' In Panama Papers Worth Up To EUR237bn For EU

    The total loss to EU member states from the schemes revealed in the Panama Papers could be in the region of between EUR109bn (USD119bn) to EUR237bn, according to a new study commissioned by the European Parliament's PANA committee. Continue reading...
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    Tax-News.com: Cyprus, India Tax Treaty To Take Effect In 2017

    The revised double tax avoidance agreement between India and Cyprus will take effect from April 1, 2017, India's Central Board of Direct Taxes has announced. Continue reading...
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    Tax-News.com: Italian Police Breaks Up Europe-Wide VAT Fraud Ring

    On October 12, the Italian financial police said it had broke up a value-added tax fraud ring allegedly involved in transactions totaling EUR930m, through 180 companies in 15 European Union (EU) countries. Continue reading...
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    Tax-News.com: European Parliament Begins Panama Papers Inquiry

    The European Parliament has begun its inquiry into the Panama Papers with a hearing with the investigative journalists behind the leak. Continue reading...

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