ARTICLE
25 August 2017

Automatic Exchange Of Tax Information

MK
Michael Kyprianou Law Firm

Contributor

The firm, based in Cyprus, has an international presence. Its services include Dispute Resolution, Property, Shipping, Immigration, Commercial and Corporate Law. It is highly ranked by leading legal directories, including Legal500 and Chambers and regularly receives accolades from the Cyprus Government and international bodies, in recognition of its excellent service and commitment to the values of integrity, efficiency and professionalism.
For the purpose of harmonization with Directive (EU) 2015/2376, which refers to the mandatory automatic exchange of information between member states in the field of taxation...
Cyprus Tax

For the purpose of harmonization with Directive (EU) 2015/2376, which refers to the mandatory automatic exchange of information between member states in the field of taxation, the House of Representatives recently voted on and amended the law on Administrative Cooperation in the Field of Taxation.

In particular, the amending law extends the scope of automatic information exchange to include information on advance cross-border decisions as well as information on advance intra-group pricing agreements.

By law, the competent tax authorities of the member states have the obligation to automatically exchange information between themselves in relation to tax reports issued by them regarding cross-border transactions and particularly with regard to advance cross-border decisions and advance intra-group pricing agreements.

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.

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