Comparative Guides

Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.

Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.

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4. Results: Answers
Corporate Tax
Trends and predictions
How would you describe the current tax landscape and prevailing trends in your jurisdiction? Are any new developments anticipated in the next 12 months, including any proposed legislative reforms?

Answer ... The Cypriot tax landscape is evolving and following current international trends, but at the same time the country remains one of the most favourable onshore international business jurisdictions. Within the next 12 months, full implementation of the EU Anti-Tax Avoidance Directive is expected, which will introduce exit taxation and rules relating to hybrid mismatches. In addition, it is expected that the transfer pricing rules will be extended to capture all related-party transactions.

For more information about this answer please contact: Charles Savva from C.Savva & Associates Ltd