Company Registry
According to the European Single Market exemption eu social taxonomy , individual taxpayers who do not avail part of the benefits of the Cyprus economy and enjoy no taxation advantages as a result of permanently residing in Cyprus for a period or more than a maximum period of provisions set out in the Revenue Law may be required to disclose or file a report for specific tax year. These reporting requirements are applicable to individuals and corporations which are threshold taxpayers. Toward the end of 2011, these reporting requirements were brought into line with both the EU Directive and the Cyprus legislation authorizing the eu social taxonomy of tax information and disclosure of factual and documentary evidence on individual lifestyle in exchange for tax exemption or reduced tax liabilities. Under the EU Directive , reporting is required to be reported by each Cyprus entity that is "responsible for activity in relation to business opportunities or to the conduct of b