Cyprus ratifies the Multilateral Instrument

On 22 January 2020, the Instrument of Ratification of the Multilateral Convention to Implement Tax Treaty Related Matters to Prevent Base Erosion and Profit Shifting was published in the Official Gazette of the Republic of Cyprus...

Double Tax Treaty between Cyprus and Kazakhstan enters in to force

Following the ratification of the DTT by Cyprus on 24 May 2019 and the signing of the ratification law in Kazakhstan on 30 December 2019, the treaty entered in to force on 17 January 2020 and it generally applies as from 1 January 2021.

Employment and General Healthcare System Contributions for 2020

Social Insurance contributions for 2020 will remain the same as in 2019 whereas contributions to the General Healthcare System (GHS) will be increased as from 1 March 2020.

Public Interest Rate for 2020

With a decree issued on 20 December 2019, the Minister of Finance of the Republic of Cyprus has set the public interest rate for 2020 at 1.75%...

Cyprus Tonnage Tax System Extended

On 16 December 2019, the European Commission approved the extension of the Tonnage Tax system applicable to the shipping industry in Cyprus for 10 years... 

New/Revised Fines by Cyprus Registrar of Companies – Extension of Deadline

As we have reported back in September, as from 18 December 2019, the Registrar of Companies was supposed to start imposing an administrative fine... 

Holidays are Coming!

As we are approaching the festive season we would like to inform everyone that our office will remain closed for holidays from 24 December 2019 to 2 January 2020, both inclusive.
Merry Christmas and a Healthy, Happy and Prosperous New Year to everyone!

Watch our new, holiday-inspired animation.

Seamark Managing Director awarded Honorary Membership of Cyprus Fiduciary Association

During an event organised by the Cyprus Fiduciary Association in the evening of 4 December 2019, George Savvides - Seamark Manging Director...

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