The Cyprus Tax Department has published a notice dated 5 October 2023 on the expected effective date of the agreement for the exchange of Country-by-Country (CbC) reports with the United States and local filing obligations.
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Clarification Bilateral Agreement between Cyprus and the United States
The Cyprus Tax Department informs all legal entities and their representatives that the bilateral Competent Authority Arrangement (CAA) for the exchange of Country-by-Country (CbC Reports) bet…