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...
May 2, 2023 | News-Events
Cyprus Permanent Residency Rules Revised Pursuant to the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, the Minister of Interior has decided to revise the current Permanent Residency programme (the “Programme”) rules. The revisions come into...
