On 22 December 2016, the Cyprus Ministry of Finance published an announcement concerning Country-by-Country (CbC) reporting and notification requirements, which as a Member of the EU, Cyprus must require for fiscal years beginning on or after 1 January 2016 (may provide one-year deferral for non-resident parented groups).
According to the announcement, the Ministry of Finance intends to issue a decree by the end of the year that will define the requirements of entities of MNE groups with co…