On 17 January 2024, the Cyprus Tax Department declared the extension of the deadline for the annual DAC7 reporting for 2023 for all reporting platform operators. The new reporting deadline for 2023 is 16 February 2024. The new regulations take effect on 1 January 2023, with reporting due by 31 January the following year. The Cyprus Tax Department noted that the DAC7 data submission after 16 February 2024 will be considered overdue, and administrative penalties according to the Administrative Cooperation in the Field of Taxation Law (Amended) of 2023 (N.105(I)/2023) may be imposed.
«
Previous post
Israel publishes guidance on CbC reporting
Israel publishes guidance on CbC reporting
Related Posts
Cyprus ratifies tax treaty with Curacao
May 14, 2025
Cyprus has ratified its first-ever income tax treaty with Curacao on 9 May 2025. Signed on 23 April 2025, this is the first treaty between the two countries and aims to eliminate double taxation on income and prevent fiscal evasion between Cyprus
Read More Cyprus imposes new defensive tax rules on payments to low-tax and non-cooperative jurisdictions
May 02, 2025
Cyprus has published Laws No. 47(I)/2025 and No. 48(I)/2025 in the Official Gazette on 16 April 2025. These laws introduce updated defensive measures on outbound payments of dividends, interest, and royalties to non-cooperative or low-tax
Read More
Cyprus, Curacao sign income tax treaty
April 28, 2025
The Cyprus Ministry of Finance has signed an income tax treaty with Curacao on 23 April 2025. The agreement aims to eliminate double taxation on income and prevent fiscal evasion between the two nations. The agreement is based on the OECD Model
Read More Cyprus issues VAT rules for unredeemed expired vouchers
April 17, 2025
The Cyprus tax department issued Circular 3/2025 on 8 April 2025 to clarify value added tax (VAT) rules for unredeemed expired vouchers. The Circular focuses on single-purpose and multi-purpose vouchers. Single-purpose vouchers: VAT on
Read More
Netherlands: Council of Ministers approve tax treaty between Curacao and Cyprus
April 10, 2025
The Netherlands Council of Ministers has authorised the Minister of Foreign Affairs to sign an income tax treaty with Cyprus on behalf of Curacao on 4 April 2025. The DTA seeks to eliminate double taxation on income and prevent tax evasion or
Read More Cyprus offers VAT exemption to rental property owners
April 04, 2025
Cyprus’ Commissioner of Taxation published Circular 2/2025 on 24 March 2025, outlining guidelines for rental property owners who haven't opted to exempt their property from VAT. The circular is valid until 31 December 2025. In Cyprus, renting
Read More