On 22 December 2016, the Cyprus Ministry of Finance published an announcement concerning Country-by-Country (CbC) reporting and notification requirements, which as a Member of the EU, Cyprus must require for fiscal years beginning on or after 1 January 2016 (may provide one-year deferral for non-resident parented groups). According to the announcement, the Ministry of Finance intends to issue a decree by the end of the year that will define the requirements of entities of MNE groups with consolidated group revenue of EUR 750 million and above in relation to the information to be provided to the Cyprus Tax Authorities under...