Cyprus Tax Department Issues Implementing Directive on Tax Residence and Permanent Establishment in the Context of the COVID-19 Crisis

The Cyprus Tax Department has announced the issuance of Implementing Directive No. 04/2020 of 27 October 2020 regarding the application of provisions for tax residence and permanent establishment in the context of the COVID-19 crisis. In particular, the Implementing Directive No. 04/2020 addresses the impact of travel restrictions due to COVID-19 and provides that OECD guidance on the issue will be followed in determining whether tax residence is acquired, or a permanent establishment is co…