The Cyprus Tax Department through an announcement informs all legal entities and their representatives that the bilateral Competent Authority Arrangement (CAA) for the exchange of Country-by-Country (CbC Reports) between Cyprus and the United States of America, which is currently under negotiation, is expected to be effective for Reporting Fiscal Years starting on or after 1 January 2023.
Consequently, in the case where the Ultimate Parent Entity of a Multinational Group of Enterprises (MNE) is tax resident in the United States of America, the secondary filing mechanism should be triggered for Reporting Fiscal Years starting on or after 1 January 2022 and before 1 January 2023.
For example, a local filing obligation should still arise in Cyprus in respect of an MNE Group鈥檚 CbC report for Reporting Fiscal Year ending on 31 December 2022, even if a CbC Report has or will be submitted in the United States of America.
Additionally, in the cases where notifications for reporting fiscal years starting on or after 1 January 2022 and before 1 January 2023 have been filed in Cyprus by Cypriot Constituent Entities of MNE Groups which are affected by this announcement, such notifications must be revised (if required) in accordance with this announcement. If such notifications are revised by 31 December 2023, no penalties will be imposed for the Reporting Fiscal Year starting on or after 1 January 2022 and before 1 January 2023.
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螖喂蔚蠀魏蟻喂谓委蟽蔚喂蟼 纬喂伪 蟿畏 未喂渭蔚蟻萎 危蠀渭蠁蠅谓委伪 渭蔚蟿伪尉蠉 螝蠉蟺蟻慰蠀 魏伪喂 螚螤螒
韦慰 韦渭萎渭伪 桅慰蟻慰位慰纬委伪蟼 渭蔚 伪谓伪魏慰委谓蠅蟽畏 蟿慰蠀 蟺位畏蟻慰蠁慰蟻蔚委 蠈位伪 蟿伪 谓慰渭喂魏维 蟺蟻蠈蟽蠅蟺伪 魏伪喂 蟿慰蠀蟼 伪谓蟿喂蟺蟻慰蟽蠋蟺慰蠀蟼 蟿慰蠀蟼 蠈蟿喂 畏 未喂渭蔚蟻萎蟼 危蠀渭蠁蠅谓委伪 螒蟻渭蠈未喂伪蟼 螒蟻蠂萎蟼 纬喂伪 蟿畏谓 伪谓蟿伪位位伪纬萎 蔚魏胃苇蟽蔚蠅谓 伪谓维 蠂蠋蟻伪 (CbC reports) 渭蔚蟿伪尉蠉 蟿畏蟼 螝蠉蟺蟻慰蠀 魏伪喂 蟿蠅谓 螚谓蠅渭苇谓蠅谓 螤慰位喂蟿蔚喂蠋谓 蟿畏蟼 螒渭蔚蟻喂魏萎蟼, 畏 慰蟺慰委伪 尾蟻委蟽魏蔚蟿伪喂 蔚蟺委 蟿慰蠀 蟺伪蟻蠈谓蟿慰蟼 蠀蟺蠈 未喂伪蟺蟻伪纬渭维蟿蔚蠀蟽畏, 伪谓伪渭苇谓蔚蟿伪喂 谓伪 蟿蔚胃蔚委 蟽蔚 喂蟽蠂蠉蔚喂 纬喂伪 蟿伪 慰喂魏慰谓慰渭喂魏维 苇蟿畏 伪谓伪蠁慰蟻维蟼 蟺慰蠀 伪蟻蠂委味慰蠀谓 蟿畏谓 萎 渭蔚蟿维 蟿畏谓 1畏 螜伪谓慰蠀伪蟻委慰蠀 2023.
惟蟼 蔚魏 蟿慰蠉蟿慰蠀, 蟽蟿畏谓 蟺蔚蟻委蟺蟿蠅蟽畏 慰蟺慰蠉 畏 蟿蔚位喂魏萎 渭畏蟿蟻喂魏萎 慰谓蟿蠈蟿畏蟿伪 蔚谓蠈蟼 慰渭委位慰蠀 螤慰位蠀蔚胃谓喂魏慰蠉 螘蟺喂蠂蔚喂蟻萎蟽蔚蠅谓 蔚委谓伪喂 蠁慰蟻慰位慰纬喂魏蠈蟼 魏维蟿慰喂魏慰蟼 蟽蟿喂蟼 螚谓蠅渭苇谓蔚蟼 螤慰位喂蟿蔚委蔚蟼 蟿畏蟼 螒渭蔚蟻喂魏萎蟼, 未畏渭喂慰蠀蟻纬蔚委蟿伪喂 蠀蟺慰蠂蟻苇蠅蟽畏 蠀蟺慰尾慰位萎蟼 苇魏胃蔚蟽畏蟼 伪谓维 蠂蠋蟻伪 蟽蟿慰 韦渭萎渭伪 桅慰蟻慰位慰纬委伪蟼 (secondary filing obligation) 纬喂伪 蟿伪 慰喂魏慰谓慰渭喂魏维 苇蟿畏 蟺慰蠀 尉蔚魏喂谓慰蠉谓 伪蟺蠈 萎 魏伪喂 蟿畏谓 1畏 螜伪谓慰蠀伪蟻委慰蠀 2022 魏伪喂 蟺蟻喂谓 伪蟺蠈 蟿畏谓 1畏 螜伪谓慰蠀伪蟻委慰蠀 2023.
螕喂伪 蟺伪蟻维未蔚喂纬渭伪, 蟺蟻慰魏蠉蟺蟿蔚喂 蠀蟺慰蠂蟻苇蠅蟽畏 蠀蟺慰尾慰位萎蟼 苇魏胃蔚蟽畏蟼 伪谓维 蠂蠋蟻伪 (secondary filing obligation) 蟽蟿慰 韦渭萎渭伪 桅慰蟻慰位慰纬委伪蟼 纬喂伪 蟿慰 慰喂魏慰谓慰渭喂魏蠈 苇蟿慰蟼 蟺慰蠀 位萎纬蔚喂 蟽蟿喂蟼 31 螖蔚魏蔚渭尾蟻委慰蠀 2022, 伪魏蠈渭畏 魏伪喂 伪谓 畏 苇魏胃蔚蟽畏 伪谓维 蠂蠋蟻伪 (CbC report) 苇蠂蔚喂 萎 伪谓伪渭苇谓蔚蟿伪喂 谓伪 蠀蟺慰尾位畏胃蔚委 蟽蟿喂蟼 螚谓蠅渭苇谓蔚蟼 螤慰位喂蟿蔚委蔚蟼 蟿畏蟼 螒渭蔚蟻喂魏萎蟼.
螘蟺喂蟺位苇慰谓, 蟽蟿喂蟼 蟺蔚蟻喂蟺蟿蠋蟽蔚喂蟼 蟽蟿喂蟼 慰蟺慰委蔚蟼 慰喂 纬谓蠅蟽蟿慰蟺慰喂萎蟽蔚喂蟼, 纬喂伪 蟿伪 慰喂魏慰谓慰渭喂魏维 苇蟿畏 伪谓伪蠁慰蟻维蟼 蟺慰蠀 尉蔚魏喂谓慰蠉谓 蟿畏谓 萎 渭蔚蟿维 蟿畏谓 1畏 螜伪谓慰蠀伪蟻委慰蠀 2022 魏伪喂 蟺蟻喂谓 伪蟺蠈 蟿畏谓 1畏 螜伪谓慰蠀伪蟻委慰蠀 2023 魏伪喂 蟺慰蠀 苇蠂慰蠀谓 魏伪蟿伪蟿蔚胃蔚委 蟽蟿畏谓 螝蠉蟺蟻慰 伪蟺蠈 魏蠀蟺蟻喂伪魏苇蟼 蟽蠀谓喂蟽蟿蠋蟽蔚蟼 慰谓蟿蠈蟿畏蟿蔚蟼 慰渭委位蠅谓 螤慰位蠀蔚胃谓喂魏慰蠉 螘蟺喂蠂蔚喂蟻萎蟽蔚蠅谓 蟺慰蠀 蔚蟺畏蟻蔚维味慰谓蟿伪喂 伪蟺蠈 蟿畏谓 伪谓伪魏慰委谓蠅蟽畏 伪蠀蟿萎, 胃伪 蟺蟻苇蟺蔚喂 谓伪 伪谓伪胃蔚蠅蟻畏胃慰蠉谓 (蔚维谓 伪蟺伪喂蟿蔚委蟿伪喂) 蟽蠉渭蠁蠅谓伪 渭蔚 蟿畏谓 蟺伪蟻慰蠉蟽伪 伪谓伪魏慰委谓蠅蟽畏. 螘维谓 慰喂 纬谓蠅蟽蟿慰蟺慰喂萎蟽蔚喂蟼 伪蠀蟿苇蟼 伪谓伪胃蔚蠅蟻畏胃慰蠉谓 苇蠅蟼 蟿喂蟼 31 螖蔚魏蔚渭尾蟻委慰蠀 2023, 未蔚 胃伪 蔚蟺喂尾位畏胃慰蠉谓 魏蠀蟻蠋蟽蔚喂蟼 纬喂伪 蟿伪 慰喂魏慰谓慰渭喂魏维 苇蟿畏 伪谓伪蠁慰蟻维蟼 蟺慰蠀 伪蟻蠂委味慰蠀谓 蟿畏谓 萎 渭蔚蟿维 蟿畏谓 1畏 螜伪谓慰蠀伪蟻委慰蠀 2022 魏伪喂 蟺蟻喂谓 伪蟺蠈 蟿畏谓 1畏 螜伪谓慰蠀伪蟻委慰蠀 2023.
螤伪蟿萎蟽蟿蔚 纬喂伪 蟿畏 蟽蠂蔚蟿喂魏萎 伪谓伪魏慰委谓蠅蟽畏.
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