OECD on Cyprus tax transparency.

The Paris based Organisation for Economic Co-operation and Development noted that Cyprus comply with standards of tax transparency and exchange of information.

Organisation for Economic Co-operation and Development said in its Global Forum on Transparency and Exchange of Information for Tax Purposes reform that Cyprus's institutional framework that ensures tax transparency and exchange of information is in place, however, there are a minor shortcoming in the network of agreements and gaps in the implementation of the framework in the area of availability of information with respect to ownership and accounting.

Source: Cyprus Business Mail