According to a notice published on the OECD's web site, in 2014 Cyprus and 43 other jurisdictions (including Malta, the Netherlands, Great Britain, the Isle of Man and the islands of Guernsey and Jersey) confirmed that the first automatic transfer of tax information, in accordance with the standards proposed by the OECD, would take place in September 2017. It is expected that this group is likely to increase in number as the above countries are joined by other countries willing to support the automatic exchange of tax information.
As a EU member state, Cyprus has obligations to implement the EU Antitrust Law stipulations, and this strongly affects business development and business transactions.
Cyprus Antitrust Committee is the national supervisory body in this area. The Committee’s authority includes, among other, carrying out audits and inspections if any violations of antitrust law are reported and approving M&A deals.
Our companies offer legal consulting on any matters of antitrust law and may represent our clients in their relations with Cyprus Antitrust Committee.