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Implementing Anti-Tax Avoidance Directive

Implementing Anti-Tax Avoidance Directive

Cyprus Implementation of the Anti-Tax Avoidance Directive | July 9th, 2020

On 04/07/2020, the law implementing the remaining provisions of the EU Anti-Tax Avoidance Directive (ATAD EU 2016/1164) of July 2016 was published in the Official Gazette. The Law transposes the remaining ATAD measures in the Cypriot law, namely:

• Exit taxation

• Hybrid mismatches (including reverse hybrid mismatches and tax residency mismatches) 

The law is entered into force with effect as of 01 January 2020 as regards exit taxation, hybrid mismatches and tax residency mismatches and 01 January 2022 as regards reverse hybrid mismatches.

For a summary of the relevant provisions follow this link.