Cyprus was among 22 countries to take part in the latest round of peer reviews undertaken by the OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes. The report was published on April 5 2012.
The review procedure will be completed in two stages. Phase 1 review evaluates the compliance with international standards of Cyprus legal framework for the exchange of information, while phase 2 review will assess the implementation of that framework.
The report on Cyprus demonstrates the results from the evaluation of phase 1. The review report recognises that Cyprus includes provisions for the exchange of information in double tax treaties (DTTs) concluded with other jurisdictions, but proposes amendments to the legal framework with reference to documented insufficiencies concerning the accessibility...
This article is available to subscribers and current trialists of International Tax Review only. Please log in or subscribe for access to the rest of the article.
Alternatively take a free trial, giving you 7 days of access.
This article is available to subscribers only. To read the rest of this article please subscrbe.
This article is available to trialists and subscribers only. Please take a free 7 day trial to read the rest of the article.