Cyprus has implemented the needed anti-tax avoidance measures as per the relevant provisions of the EU Anti-Tax Avoidance Directive (ATAD).

The ATAD measures that have been transposed to the Cyprus tax law, with effect as from 1 January 2019, include:

  • Interest limitation rule•Controlled Foreign Company (CFC) rule•General Anti-Abuse Rule (GAAR)

The below remaining ATAD measures will be transposed into law sometime during 2019, with effect as from 1 January 2020:

  • Exit taxation provisions•Hybrid mismatch rules

More information about the ATAD implementation into the Cyprus tax law can be read at our detailed Information Sheet by clicking here.