On 20th of June 2019, Cyprus tax authorities announced that negotiations between Cyprus and USA are being conducted with a view to conclude a bilateral Competent Authority Arrangement ("CAA") for the exchange of Country-by-Country reporting between Cyprus and the USA.
The negotiations' status is also indicated in the IRS' website.
Elias Neocleous & CO LLC will keep monitoring the progress of this matter and will publish updates and bulletins on its website for any important updates.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.