NEWSROOM

Introduction of Transfer Pricing Rules in Cyprus
05/07/2022

On 30 June 2022, the Cyprus Parliament voted in to law a package of measures introducing detailed Transfer Pricing (TP) requirements for businesses. The measures are in line with...

Change of Data at the Registrar of Companies for Sanctioned Companies
01/06/2022

The Cyprus Registrar of Companies (the “Registrar”) announced on 30 May 2022 that for companies the name of which and/or the name of their shareholders, directors or ultimate beneficial owners...

Cyprus – Jordan Double Tax Treaty in Force
30/05/2022

The treaty entered in to force on 11 April 2022 and it generally applies as from 1 January 2023.

Extension of Income Tax 50% Exemption Approved by Council of Ministers
12/05/2022

The Council of Ministers approved on 10 May 2022 the significant improvement of an incentive aimed at attracting foreign companies and highly skilled staff to Cyprus.

Digital Nomad Visa – Extension of Number of Beneficiaries
08/03/2022

On 3 March 2022 the Council of Ministers of the Republic of Cyprus decided for the number of persons who can obtain a Digital Nomad Visa to be increased from 100, which was set initially, to 500.

Reference Interest Rates for 2022 for Notional Interest Deduction on New Equity
10/02/2022

The Cyprus Tax Department published on 3 February 2022 the bond yield rates per country as at 31 December 2021 to be considered for the Notional Interest Deduction...

Cyprus and Germany Double Tax Treaty: Protocol Entered in to Force
07/02/2022

The Protocol amending the Double Tax Treaty between Cyprus and Germany entered in to force on 8 December 2021.

Frequently Asked Questions on Back to Back Financing Arrangements
04/02/2022

The Cyprus Tax Department issued, on 24 January 2022, a set of Frequently Asked Questions related to financing arrangements between related parties of a so called Back to Back nature.

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