The Cyprus Tax Department has opened a public consultation on proposed legislation to implement EU Directive 2016/1164, the Anti-tax Avoidance Directive, as amended by Directive E2017/952, which extends the rules to hybrid mismatches involving third countries, permanent establishments, hybrid transfers, imported mismatches and dual resident mismatches.
The consultation period will last from 14 November to 8 December 2017. The consultation documents, which are in the Greek language, are available on the Tax Department’s website.