EYCyprus Tax Authority issues clarification regarding Competent Authority Agreement with the United States for exchange of CbC reports
|Tax Alerts, National/Federal Taxation, T ...|United States, Cyprus
On 7 October 2021, the Cypriot Tax Department publicly announced that the bilateral Competent Authority Agreement (CAA) for the exchange of Country-by-Country (CbC) reports between Cyprus and the United States (US), which is still under negotiation, is expected to be effective for Reporting Fiscal Years (RFYs) starting on or after 1 January 2021.
Therefore, the secondary filing mechanism for a Cypr…
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