NEWSROOM

Reductions in Cyprus Tonnage Tax for Environmentally Friendly Vessels – Procedure and Arrangements
21/09/2021

Through a Circular issued by the Shipping Deputy Ministry on 3 September 2021, the relevant procedure and practical arrangements for qualifying with those incentives has been determined.

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.

Extended Deadline for Payment of Residual Income Tax for 2020
03/08/2021

Through a directive issued on 30 July 2021 by the Minister of Finance, the a deadline has been extended...

Income Tax Return for 2020: Exemption from Submission
19/07/2021

Individuals with annual gross income below €19,500 are exempted from the obligation to submit an income tax return for 2020.

Extension of Deadline for Payment of Annual Levy for 2021
09/07/2021

The Cyprus Registrar of Companies announced on 8 July 2021 that the deadline for payment of the Annual Levy for 2021 has been extended from 30 June 2021 to 31 December 2021.

Registration of Crypto-Asset Providers in Cyprus
02/07/2021

Following the transposition of 5th EU Anti-Money Laundering (AML) Directive in to Cyprus Law, providers offering services related to crypto-assets were brought within the scope...

Foreign Portfolio Investors from Cyprus to obtain Category I License in India
22/06/2021

The Indian government has classified Foreign Portfolio Investors (FPIs) from Cyprus as eligible for Category I licence. This classification is expected to...

Extension of Period Over Which No Administrative Fines Related to DAC6 will be Imposed
07/06/2021

The Cyprus Tax Department announced an extension to the period over which no administrative fines for overdue submission of DAC6 information will be imposed.

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