Cyprus releases its 2021 lists of CRS Reportable and Participating Jurisdictions

The Cyprus Tax Department has renewed publication of the Common Reporting Standard (CRS) lists of Participating Jurisdictions and Reportable Jurisdictions for 2021.

Participating Jurisdictions include those jurisdictions with an agreement in place to exchange relevant CRS financial account information with Cyprus.

Reportable Jurisdictions are those participating jurisdictions with an agreement in place to exchange relevant CRS account information with Cyprus. Such agreement will either be in the form of the OECD’s Multilateral Competent Authorities Agreement or another type of exchange of information agreement such as a Double Tax Treaty.

By way of update, Costa Rica, Curacao, Grenada and Peru are now participating jurisdictions under CRS, whereas Morocco is the new 2021 reportable Jurisdiction for Cyprus.

Both Lists can be found here.