Cyprus:
Tax Residency And Permanent Establishment Risks – COVID-19
03 March 2021
Ernst & Young Cyprus Ltd
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On 25 January 2021, the Tax Department issued Application
Guidance No. 07/2021 which relates to tax residency and permanent
establishment considerations in the context of the COVID-19
pandemic.
Application Guidance No. 07/2021 confirms that the provisions
stipulated in the Application Guidance No. 04/2020 (issued on 27
October 2020) continue to proportionately apply in the year 2021
for as long the global special measures relating to COVID-19
pandemic are in force.
Please refer to the Tax Alert issued by EY, dated
October 2020 for more information.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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