NEWSROOM

Transfer Pricing – Quality Assurance Declaration
26/09/2024

The Cyprus Tax Department issued an announcement related to the Quality Assurance Declaration, which auditors and tax advisors are required to submit in relation to Local Files and Summary Information Tables...

Cyprus - Tax Treatment of Non-Refundable Capital Contributions
08/08/2024

Through Interpretative Circular 25, released on 3 September 2018, the Cyprus Tax Department clarifies the tax treatment of non-refundable capital contributions... 

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”.

Penalties for UBO Register – Update by Registrar
19/07/2024

With an announcement issued on 16 July 2024, the Cyprus Registrar of Companies notified that the announcement of 17 May 2024, on penalties related to...  

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...

Reference Interest Rates for Montenegro and Cameroon for Notional Interest Deduction on Equity
15/07/2024

The Cyprus Tax Department published on 5 July 2024 the bond yield rates as at 31 December 2022 and 2023 for Montenegro and Cameroon, to be considered for...

Cross Border Conversion
04/06/2024

The Cyprus Registrar of Companies clarified that as per the amending Cyprus Companies’ Law, which was published in the Official Gazette of the Republic of Cyprus on 15/3/2024, the legislation...

Transfer Pricing Rules – Submission of SIT
22/05/2024

On 20 May 2024 the Cyprus Tax Department announced that as from 27 May 2024 the Summary Information Table will be submitted only though the Tax For All Portal.

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