Yiannis Zavros

In response to the changing work patterns and the teleworking trends that persist since the COVID-19 pandemic, the OECD has updated its commentary (the “Commentary”) of its Model Tax Convention (the “MTC”) for Article 5: Permanent Establishment. The revised guidance clarifies when an employee’s home (or another personal workspace abroad) can be treated as a […]

The long-awaited Pillar II legislation (N. 151(1)/2024) was approved by the Cyprus House of Representatives on 12 December 2024 and published in the Government Gazette on 18 December 2024. The legislation effectively implements the provisions of the EU Directive 2022/2523 of 14 December 2022 on ensuring a global minimum level of taxation for multinational enterprise