We would like to remind you that the 31 December 2023 deadline for the submission of the Country-by-Country (CbC) reporting is fast approaching. The CbC reporting requirements concern Cypriot entities that are part of multinational MNE groups, with consolidated revenue of more than EUR 750 million. By this deadline, Cyprus entities are obliged to submit the CbC report for the year ended 31 December 2022 and the relevant notification forms for the year ending 31 December 2023, through the governmental portal Ariadni. Non-compliance can lead to penalties of up to EUR 10.000.
 
Please do not hesitate to contact our Tax Department at tax@kinanis.com , should you require any assistance or further information.