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Cyprus Publishes Additional Guidance on CbC Reporting

07 August 2017

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Approved Changes

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Cyprus

The Cyprus Tax Department has published additional English-language guidance on the country's Country-by-Country (CbC) reporting requirement, which apply for fiscal year's beginning on or after 1 January 2016 with the standard reporting threshold of EUR 750 million consolidated group revenue in the previous year (1 Jan 2017 for non-resident parented groups). The main additional guidance is a CbC reporting FAQs document, which covers the general requirements of CbC reporting and CbC notification in Cyprus. In addition, data submission files have been published, including the OECD XML schema and user guide, and a sample CbC notification.