CYPRUS TAX REFORM 2026: IMPLEMENTATION, IMPACT & POSITIONING IN A CHANGING GLOBAL TAX LANDSCAPE

This presentation will provide an overview of the EU Tax Agenda for the 2024–2029 mandate, covering tax simplification initiatives, the implementation and enforcement of Pillar Two and the global minimum tax, the taxation of the digital economy, and the EU’s expectations for Member States like Cyprus.

An authoritative, first-hand perspective on the policy rationale and legislative design of the Cyprus Tax Reform 2026. Drawing on direct involvement in the reform process, the discussion will examine the strategic objectives pursued, the key structural decisions taken, and how Cyprus sought to strike a balance between competitiveness, international alignment and fiscal sustainability.

• The strategic objectives of the reform and the policy trade-offs underpinning key legislative decisions
• Alignment with OECD BEPS 2.0, Pillar 2 and the evolving EU tax framework
• Structural changes to corporate taxation, personal income tax and investment income (including dividends and rental income)
• Areas where legislative intent may require further clarification during the implementation phase

Panellists

This panel focuses on the practical implementation of the Cyprus Tax Reform, with particular emphasis on compliance obligations, VAT implications and operational readiness. It examines how businesses and professionals are adapting to the new framework, where challenges are emerging, and what is required to ensure consistent and effective application in practice.

• Practical compliance challenges, transitional issues and interpretative grey areas under the new tax framework
• VAT implications, digital reporting requirements and interaction with EU initiatives such as VAT in the Digital Age
• Readiness of tax departments, systems and processes (including ERP, payroll and reporting)
• Expectations of the Tax Department regarding documentation, audits and ongoing compliance

Panellists

How businesses and multinational groups are responding to the Cyprus Tax Reform now that it has entered into force. Drawing on direct client experience, it considers the reform’s impact on business models, investment decisions and internal processes, as well as early market feedback on Cyprus’ positioning following the reform.

• Impact of the reform on business structures, including holding, financing, investment and operational models
• How companies are adapting internal processes, governance and decision-making in the first year of application
• Effects on investment decisions, expansion plans, budgeting and long-term strategy
• Market sentiment from multinational clients and international investors following the reform

Panellists

This panel takes a strategic and forward-looking view of how the Cyprus Tax Reform influences the country’s competitiveness and attractiveness as a business and investment destination. Bringing together key business and investment stakeholders, the discussion will assess investor confidence, sector-specific implications and the additional measures required to strengthen Cyprus’ position in an increasingly competitive international environment.

• Overall impact of the tax reform on Cyprus’ competitiveness and business attractiveness
• How foreign investors and international markets perceive Cyprus following the reform
• Sector-specific implications for technology, finance, shipping, real estate and services
• Additional policy initiatives and reforms needed to reinforce Cyprus’ investment appeal

Panellists

The Five Top Priorities for MNEs to Protect Cash Flow and Prepare for Tax Audits

The presentation will discuss the updated status of Pillar 2, its impact on MNEs and on investment decisions, with a focus on the treatment of tax incentives and the application of safe harbours.

This forward-looking session explores the interaction between US tax policy under the current US Administration and the OECD Pillar 2 framework, with a particular focus on European and global implications.

AI is triggering the biggest shift in tax since digital filing. This session looks at how automation is stripping out repetitive workflows, reshaping compliance and advisory services, and altering the expectations of tax authorities. We’ll examine governance, data integrity and ethical risks, and outline the new skills and mindsets tomorrow’s tax professionals must adopt to stay relevant. A frank, forward-looking briefing on where the profession is actually heading.

The presentation will explore how AI automates routine compliance tasks, enhances advisory services with predictive analytics, and reshapes the tax profession by demanding new technical and strategic skills. It will also examine the key advantages—greater efficiency, accuracy, and client value—while addressing the associated risks, such as data privacy concerns, algorithmic bias, and regulatory challenges.

DAC8 introduces mandatory EU-wide reporting of crypto-asset transactions, requiring CASPs—including non-EU operators—to identify users, monitor transactions, and share data with tax authorities. Integrated with MiCA, AML/KYC, CRS, and CARF, it creates a unified digital-compliance framework, increasing operational demands for fintechs, exchanges, and custodians. DAC8’s non-EU registration requirement offers Cyprus opportunities to become a preferred hub and develop RegTech capabilities, contingent on strengthening supervisory capacity.