Member Firm
Contact Information
Nicholas Stavrinides
25 868000  /
Since 1994, the PKF network of independent member firms, which is administered by
PKF International Limited, has produced the PKF Worldwide Tax Guide (WWTG). The
report below is extracted from the 2012 WWTG and reproduced with the kind permission of
PKF International Limited. Before continuing, please read the Important Disclaimer below.



This report should not be regarded as offering a complete explanation of the taxation matters that are
contained within this report.

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authors are not responsible for the results of any actions which are undertaken on the basis of the
information which is contained within this report, nor for any error in, or omission from, this report.

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Bilateral exchange of
information Agreements
in place?
Local AML News / Sanctions
Tax Information
22 April, 2012  -  
Global Forum on
Transparency and
Exchange of
Information for Tax
Purposes Peer

Key Findings:

Cyprus has a network
of DTCs covering 44
jurisdictions and it also
exchanges tax
information with other
EU members. Its DTCs
generally contain
provisions which allow
Cyprus to exchange all
foreseeably relevant
information. However,
deficiencies have been
identified regarding the
availability of
ownership and
information, and the
review recommends
changes to address
these. The report also
improvements in the
EOI network to ensure
Cyprus has
agreements to the
standard with all
relevant partners and
will enact appropriate
legislation to give
effect to these
agreements in all
cases. Cyprus’
response to the
made in this review, as
well as the application
of the legal framework
and the
implementation of the
international standard
in practice, will be
considered in detail in
the Phase 2 review of
Cyprus, which is
scheduled to
commence in the
second half of 2012.

Read Review
Last Updated:   30 April 2013