Politics · Cyprus

Cyprus Parliament Approves Law for Automatic Exchange of Tax Information in EU

7 sourcesFirst reported 12 days agoUpdated 12 days ago

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What all sources covered

The Cypriot Parliament has unanimously passed a bill regarding the exchange of tax information within the European Union.
The legislation aims to align Cypriot law with EU Directive 2025/872, enhancing automatic tax information exchange among member states.
The law was approved with 51 votes in favor, and two proposed amendments were rejected.
This legislative move is seen as a measure to preempt potential fines from the European Commission.
The changes are expected to impact large businesses operating in Cyprus significantly.

7 sources

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