On 19 October 2017, the Double Taxation Agreement (DTA) between Cyprus and Ethiopia was entered into force and it will apply from 1 January 2018 in Cyprus and from 8 July 2018 in Ethiopia.
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Cyprus issues 10-year bond yields for notional interest deduction
The Cyprus Tax Department announced, on 14 February 2025, the issuance of the 10-year government bond yield rates as of 31 December 2024 for various countries related to the Notional Interest Deduction (NID) on equity. These rates will determine
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Cyprus further extends deadlines for 2022 tax returns, transaction reports
The Cyprus Tax Department announced, on 12 February 2025, that it has further extended deadlines for submitting the annual company income tax return and the summary information table (SIT) on controlled transactions for the 2022 tax year. The
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Kyrgyz, Ethiopia Finance Ministers meet to strengthen trade relations
A meeting took place in Addis Ababa between the First Deputy Minister of Foreign Affairs of the Kyrgyz Republic, Asein Isaev, and the Minister of Finance of Ethiopia, Ahmed Shide. Asein Isaev provided detailed information on the country's
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Cyprus adopts public CbC reporting
Cyprus has published the Companies (Amendment) (No. 5) Law of 2024 in the Official Gazette on 6 December 2024, implementing the public Country-by-Country (CbC) under Directive (EU) 2021/2101 which establishes a reporting threshold for companies with
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Cyprus updates beneficial owners register framework
Cyprus’ Department of the Registrar of Companies and Intellectual Property (DRCIP) have announced several amendments to The Prevention and Suppression of Money Laundering (Amendment) (No. 2) Law of 2024, which was published on 6 December
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Cyprus: House of Representatives approve Pillar Two global minimum tax rules
The Cyprus House of Representatives reportedly approved the Law on a Global Minimum Level of Taxation for Multinational Enterprise Groups and Large-Scale Domestic Groups on 12 December 2024. This legislation implements Council Directive (EU)
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