Politics · Cyprus
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10 July
Cyprus complied with tax information requirements under the new law enacted by Parliament.
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On July 9, 2026, the House of Representatives of Cyprus unanimously approved a new law aimed at enhancing administrative cooperation in taxation. The legislation aligns Cypriot law with the European Directive (EU) 2025/872, which strengthens the framework for automatic exchange of tax information among EU member states. The approval came in response to ongoing efforts to comply with European regulations and avoid potential sanctions from Brussels regarding tax transparency.
This reform is particularly significant for large enterprises operating within Cyprus, as it seeks to eliminate undisclosed profits and increase accountability in taxation. The law was passed with unanimous support, specifically 51 votes in favor, reflecting a collective commitment to improve fiscal governance and transparency in the face of evolving international standards.
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