NEWSROOM

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...

Application for Cyprus Citizenship Based on New Provisions
28/03/2024

On 22 March 2024, the Ministry of Interior announced further clarifications regarding the amended provisions of the Civil Registry Law regarding naturalisation.

Holidays are Coming!!!
21/12/2023

We would like to wish a Merry Christmas and a Healthier, Safer, Brighter New Year to everyone!

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