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T&L D-briefs - May 2023

T&L D-briefs is a bi-monthly T&L update, taking the form of a series of webcasts, articles and other sources, all bundled together in a newsletter!


Reporting on crypto-assets as of 1 January 2026


On 16 May 2023, EU Finance Ministers reached unanimous political agreement with respect to amendments on the 8th revision of the Directive on administrative cooperation in the field of taxation, implementing rules on reporting for crypto assets (DAC8). The updated Directive has been extended in scope to include reporting obligations of financial institutions regarding e-money and central bank digital currencies and the automatic exchange of information on advance cross-border rulings used by natural persons.

The Directive will improve Member States’ ability to detect and counter tax avoidance, tax evasion and tax fraud, by requiring all crypto-asset providers based in the EU to report transactions of clients residing in the EU. The new reporting requirements on crypto-assets, e-money and central bank digital currencies will enter into force on 1 January 2026.

The new Game-Changer in global taxation: the Global Minimum Tax


By establishing a global minimum tax, Pillar II aims to create a more equitable global tax system, leading to a significant shift in how international businesses are taxed.

In this article, we explore the main provisions of Pillar II and how Cyprus will be affected by the implementation of the rules, expected to be transposed into domestic legislation by the end of 2023

EU Mobility Directive: promoting company mobility and the freedom of establishment within Member States

The Mobility Directive is an important milestone for cross-border reorganisations in the EU, as it promotes greater company mobility within EU Member States by providing a harmonised legal framework for cross border operations.

Our article analyses the provisions.

What is required to obtain a permanent residence permit in Cyprus?


Permanent residency in Cyprus can provide a multitude of personal, social, and economic advantages.

Read our article to learn about the revision of the criteria for the obtainment of the Permanent Residence Permit, under Regulation 6(2) of the Aliens and Immigration Regulations, applicable as of 2 May 2023.




The previous T&Legal D-briefs are available below.


T&L D-briefs March

T&L D-briefs January

T&L D-briefs July

T&L D-briefs May

T&L D-briefs March

T&L D-briefs January

T&L D-briefs November

T&L D-briefs September

You can also find the rest of our archived videos on Youtube.

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