NEWSROOM

Happy Holidays!
19/12/2024

Warm wishes for a Merry Christmas and a Healthy, Happy and Prosperous New Year 2025 from all of us at Seamark!

Re-introduction of Temporary Application of Zero VAT Rate for Essential Items
01/11/2024

The Tax Department announced on 31 October 2024, that the application of the zero rate of VAT on selected food and socially essential products will be re-introduced for...

Tax Circular on 50% Exemption of Remuneration from Income Tax
06/08/2024

On 8 July 2024 the Cyprus Tax Department issued Circular 04/2024 entitled “50% exemption from Income Tax on remuneration from employment exercised in the Republic”.

Cyprus Parliament Approves EU Blue Card Legislation
17/07/2024

On 11 July 2024, the Cyprus Parliament approved the draft legislation for the implementation of the EU Blue Card Scheme. The EU Blue Card offers a significant opportunity for...

Tax Treatment of Medical Scheme Contributions
12/06/2024

Through a circular issued on 30 May 2024, the Cyprus Tax Department announced amendments in the tax allowable thresholds for contributions to medical schemes. It relates to contributions... 

Reduced VAT Rate on New Residence – Important Amendment
10/05/2024

On 26 April 2024 an amendment to the Cyprus VAT Law was published in the Official Gazette of the Republic of Cyprus. The amendment gives to the Commissioner of the VAT Authorities the discretion...

Easter Holidays 2024
02/05/2024

We warmly express our best wishes for a Happy Easter! Kindly be informed that our office will be closed from Friday, 3 May 2024, until Tuesday, 7 May 2024, both inclusive, for Orthodox Easter Holidays in Cyprus.

Further Extension of Temporary Application of Zero VAT Rate for Essential Items
30/04/2024

On 19 April 2024 an amendment to the VAT Law was published in the Official Gazette of the Republic of Cyprus for the extension of the application of the zero rate of VAT...

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