Proposed Bill on Taxation of Multinationals in Cyprus
October 9, 2026
A bill imposing a minimum tax rate of 15% on multinational companies has been introduced in Parliament. There are concerns about potential exits of multinational firms from Cyprus and repercussions from the EU if regulations are not followed. The text warns of financial penalties and double taxation risks if compliance is not met. The legislation targets large multinational groups with annual revenues exceeding €750 million and aims to maintain Cyprus’s competitiveness as an investment destination.