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.
Please contact Constantinos Christofi for further inquiries