Cyprus Implements Global Minimum Tax for Multinational Enterprises and Large Domestic Groups

On 12 December 2024, the Cyprus House of Representatives approved the transposition of Council Directive (EU) 2022/2523 of 14 December 2022, referred to as the “Pillar Two Directive,” into domestic
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Removal of Bahamas, Belize, Seychelles, and Turks and Caicos from the EU List of Non-Cooperative Jurisdictions for Tax Purposes

On February 20, 2024, the European Council announced the removal of the Bahamas, Belize, Seychelles, and Turks and Caicos Islands from the EU list of non-cooperative jurisdictions (the EU Black
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