The Cyprus Tax Department has published the Decree for the Automatic Exchange of Country-by-Country (CbC) Reports as reissued by the Ministry of Finance on 26 May 2017. The amended Decree replaces the original decree issued the end of 2016 in order to clarify certain aspects of the CbC reporting requirements. Key points of the amended Decree include:
- CbC reporting obligations apply for MNE groups meeting the standard EUR 750 million revenue threshold in the previous year (or equivalent in ot…