Luxembourg - Taxpayers’ Rights Restored in the Exchange of Information
How does Cyprus compare in this area?
On 26 February 2019, the ECJ issued two decisions on the interpretation of the beneficial owner concept in cases where the Interest and Royalties Directive and the Parent / Subsidiary Directive apply.
The Cypriot Ministry of Finance (after consultations with the professional associations) has presented to the House of Representatives the draft legislation implementing the European Union (EU) Anti-Tax Avoidance Directive (ATAD).
The Russian Ministry of Finance recently issued a letter on the issues of confirming the tax residence and the beneficial ownership status for a foreign recipient of Russian source income for the purposes of eliminating or applying reduced Russian withholding tax rates on the basis of a double tax treaty.