Cypriot Tax Developments

Free webinar in English

Free webinar in English

Cyprus has recently been making significant changes to its domestic tax legislation, substantially altering the tax environment for local companies. Groups with Cypriot entities face increased reporting requirements (such as under DAC6, and the UBO disclosure) as well as new taxes on cross-border operations (an exit tax, withholding taxation). All these changes are taking place in conjunction with the entry into force of the new protocol to the Russia-Cyprus tax treaty, and an overall toughening of Russian domestic tax rules covering international tax matters.

As such, we suggest that it is highly important for these Cypriot tax developments to be discussed and the impact they might have on your structures assessed.

Our agenda:

  • DAC6 in Cyprus: latest news and what actions to take
  • Conditional WHT on passive outbound payments
  • Introduction of the UBO register: legislative framework and compliance actions to take
  • Redomiciliation from Cyprus to SAR (Russia): when transit is relevant and how to ensure a tax efficient exit
  • Update on transfer pricing developments


  • Anna Voronkova, Partner, International Tax | KPMG in Russia
  • Ivan Nasonov, Senior Manager, International Tax | KPMG in Russia
  • Costas Markides, Board Member, International Tax | KPMG Cyprus
  • Margarita Liasi, Principal, International Tax | KPMG Cyprus
  • Andri Karaoli, Senior Associate, International Tax | KPMG Cyprus

To register for this webinar click here.  A few days before the session you will receive a link which you can use to login to the session. If you have any questions about the session, please e-mail Irina Egereva.


Date: Friday, June 18, 2021
Time: 11:00 AM – 12:30 PM MSK, CY
Language: English

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