NEWSROOM

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...

Cyprus Non-Dom Regime
01/11/2024

The introduction in 2015 of the concept of domicile in the tax system and the resulting special regime for persons not domiciled in Cyprus, commonly known as “Non-Dom” regime, is perceived as one of the most important provisions introduced in...

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”.

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...

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.

Announcement by Registrar for Abolition of Annual Levy
22/03/2024

The Registrar announced on 21 March 2024 that the abolition will be with effect from 2024, therefore all levies up to and including 2023 are still due.

Annual Levy to be Abolished
23/02/2024

The Council of Ministers of the Republic of Cyprus decided on 21 February 2024, to abolish the Annual Levy of €350 payable to the Registrar of Companies...

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