28 APRIL 2016 – COUNTRY BY COUNTRY REPORTING – COURTESY OF DELOITTE

On 27 April 2016 the Ministry of Finance of Cyprus announced its intention to amend the legislative framework in Cyprus in relation to Country-by-Country Reporting following the draft European Union Directive amending Directive 2011/16/EU, which is expected to be approved at the EU Finance Ministers Council meeting on 26 May 2016. The amendments are expected to be in line with the recommendations of Action 13 of the OECD Reports on Base Erosion and Profit Shifting (‘BEPS’).

Ministry of Finance Country by Country Reporting

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