NEWSROOM

Deemed Dividend Distribution
21/12/2021

The Deemed Distribution (DD) provisions apply where a Cyprus tax resident company has not distributed as a dividend at least 70% of its after-tax profits...

Protocol to Double Tax Treaty Between Cyprus and Switzerland Entered in to Force
15/12/2021

The Protocol, which entered in to force on 3 November 2021, introduces, among others, minimum standards of the OECD Base Erosion and Profit Shifting (BEPS) actions, including...

No Administrative Fines for Submission of Tax Returns until 6 December 2021
02/12/2021

The Ministry of Finance of the Republic of Cyprus announced on 1 December 2021 that there will be no imposition of administrative fines for the electronic submission...

New Package of Incentives for Establishing or Expanding Presence in Cyprus
21/10/2021

On 15 October 2021 the Cyprus government presented its Action Plan for attracting companies to establish or expand presence in Cyprus. The Plan is in line with...

Inheritance and Estate Planning – Company or Trust?
11/10/2021

In this newsfeed we will focus on two popular Cyprus entities, which can be used for arranging and administering the wealth of a family in order to ensure its smooth and careful transmission from...

Further Extension to Deadline for Submission of 2019 Tax Returns
27/09/2021

The Ministry of Finance of the Republic of Cyprus issued a decree on 24 September 2021 based on which the deadline for submission of...

Changes to Employment and Social Insurance Regulations
07/09/2021

The Cyprus Ministry of Labour, Welfare and Social Insurance has recently announced that on 13 September 2021, the Social Insurance...

Setting Up in Cyprus: Company-Officers-Premises
24/08/2021

We will consider whether to form a company in Cyprus or redomicile a foreign company to the country. We will also contemplate alternatives concerning premises, as well as for sourcing and appointing officers for the company.

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