Executive summaryThe Cypriot Tax Department (CTD) published, on 17 March 2022, a list of Frequently Asked Questions (FAQs) on its website, providing further clarifications and practical insights regarding the interpretation of key terms and provisions of the Cypriot Mandatory Disclosure Rules (MDR) Law (Law 41(I)/2021 of 31 March 2021, amending Law 205(I)/2012 on Administrative Cooperation in the Field of Taxation of 2012 (referred to as the Law))1 and further elaborating on the content of the Cypriot MDR guidelines (Ministerial Decree N. 438/2021, of 29 October 2021, hereinafter referred to as the Decree or the Guidelines).2The FAQs cover different questions of general...