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Cyprus from Non – Compliant to Largely Compliant

At its meeting in Barbados on 29 and 30 October 2015 the Global Forum on Transparency and Exchange of Information for Tax Purposes of the OECD (the Global Forum) approved the supplementary report for Cyprus, which had previously been rated as Non-Compliant.

Following significant changes to Cyprus’s legal framework and practice, the new overall rating of Largely Compliant was assigned to Cyprus.