Mar 6, 2024 | News-Events
Risks associated with investing in properties in the occupied part of Cyprus The so called “Turkish Republic of Northern Cyprus” ( the “TRNC”) is a self-declared state that comprises the north-eastern portion of the island of Cyprus, following the military invasion of...
Feb 6, 2024 | News-Events
Naturalisation (Citizenship) in Cyprus: New Legislation On the 30th of November 2023, an amendment to the Civil Registry Law (the “Law”) was voted by the Parliament and came into force on 19/12/2023. The amendment of the Law includes provisions allowing highly skilled...
Feb 5, 2024 | News-Events
Tax Department Releases Updated Thresholds for Transfer Pricing Documentation The Tax Department (TD) on 1st February 2024, has issued an announcement outlining revised thresholds for the preparation of a Local File for the tax year 2022. The full newsletter is...
Feb 2, 2024 | News-Events
Cyprus enacts law implementing tax transparency rules for reporting digital platform operators DAC 7, outlined in Legal Notice 8 of 2023, implemented on 20 January 2023, incorporates the seventh update to Council Directive 2011/16/EU on taxation cooperation into...
Jun 9, 2023 | News-Events
On 08 June 2023, the House of Representatives passed a bill amending the current legislative framework allowingfor a reduced VAT rate of 5% levied on first homes on the Value Added Tax Law 119(I) of 2016 (the “Law”). The new amendment of the Law is subject...
May 29, 2023 | News-Events
Cyprus Holding Companies Cyprus companies holding investments enjoy a preferential tax treatment under Cyprus tax law especially those owned by non-Cyprus domiciled or Non Cyprus tax resident individuals. Cyprus government ambition to establish the country as an...
