Cyprus CRS / AEoI for Individuals 2026 — What Your Cyprus Bank Reports, to Whom, and When

1. What CRS reports

• Account holder identification — name, address, date of birth, place of birth, jurisdiction(s) of tax residence + TINs.
• Account number + balance / value at year-end.
• Gross interest paid in the year.
• Gross dividends paid in the year.
• Gross proceeds from sales of financial assets.
• Account type (depository, custodial, equity / debt interest, cash-value insurance contract).

2. Who reports + who's covered

• Cyprus financial institutions — banks (Bank of Cyprus, Eurobank Cyprus, AstroBank, Alpha Bank Cyprus, etc.), EMIs operating in Cyprus, brokerage firms, AIFs, custodians.
• From 2026 — CASPs report under DAC8 / CARF (separate but overlapping framework).
• Reportable: account holders who are tax-resident in a CRS-participating jurisdiction OTHER than Cyprus.
• Excluded: Cyprus-only tax residents (their data stays domestic).

3. The annual reporting cycle

1. 1Calendar year T — financial institutions collect data on reportable accounts.
2. 2End of T+1 / 30 June — Cyprus financial institutions submit reports to Cyprus Tax Department.
3. 330 September T+1 — Cyprus Tax Department auto-exchanges with home-state tax authorities of reportable persons.
4. 4Home-state tax authority cross-checks data against the resident's personal tax return.

4. FATCA — separate channel for US persons

Cyprus has an FATCA Intergovernmental Agreement (IGA) Type 1, in force since 2 December 2014. Cyprus financial institutions report US-account-holder information to the Cyprus Tax Department, who passes to the IRS. US persons (citizens + green-card holders + US-resident aliens) are reportable under FATCA regardless of where they live.

US persons in Cyprus continue to face additional US filing obligations: FBAR (FinCEN 114) for any non-US financial accounts aggregating $10,000+, Form 8938 for higher thresholds, Forms 5471 / 8865 for foreign-corporation / partnership interests.

5. Practical alignment — what to do

• Pre-onboarding — provide accurate self-certification of ALL jurisdictions of tax residency + TINs. Misrepresentation is a criminal offence in most jurisdictions.
• Annual return alignment — what Cyprus reports MUST match what you declare in your home-state return (income, balances).
• Country of tax residence transitions — when you change residency (e.g., become Cyprus tax-resident under 60-day rule), update self-certification immediately.
• Non-Dom planning — a Non-Dom Cyprus tax resident still has CRS data EXCHANGED with their country of citizenship if that country considers them tax-resident there too (resolve dual-residency under DTT tie-breaker).

6. When CRS triggers home-country audit

• Unreported account discovered via CRS (account exists in Cyprus, not declared on home-state return).
• Reported balance materially exceeds declared wealth on home-state return.
• Large reported gross proceeds (e.g., €500k+ sale of financial assets) with no matching capital-gains declaration.
• Discrepancy in declared tax residency — taxpayer claimed home-state residency but Cyprus bank treated them as Cyprus resident.

Official verification starting points

Cyprus Registrar company lifecycle and Cyprus Registrar forms and guidance publish the controlling material for this topic. Check the current law, form, circular or portal instructions before acting; this article is general information and the live official material prevails.

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Disclaimer: This article is for informational purposes only and does not constitute legal, tax, or financial advice. Tax laws change frequently. Consult a qualified Cyprus adviser for guidance specific to your situation. The information on this page is general guidance only and does not constitute legal, tax, accounting, immigration or financial advice. Specific advice should be obtained based on the facts of each case.