NEWSROOM

Income Tax Exemptions on Employment in Cyprus - Tax Circular
13/04/2018

Interpretative Circular 2017/4 deals with exemptions from income tax of income from employment in the Republic of Cyprus...

The 60-day tax residency rule
05/04/2018

The new provision, also known as “60-day tax residency rule”, provides an incentive to individuals who are not tax residents in any other state for any tax year to transfer their tax residence to Cyprus...

Cyprus - Russia Double Tax Treaty – Court decision for thin capitalization rules
02/04/2018

The Russian Supreme Court issued a decision related to the treatment of interest considered as non-tax deductible based on...

Double Tax Treaty between Cyprus and Russia – Clarification of Direct Investment requirement
14/03/2018

On 23 February 2018 the Russian Ministry of Finance (MoF) issued a clarification...

Updated reference interest rates for notional interest deduction on equity
14/03/2018

The Cyprus Tax Department published on 14 February 2018 an update on bond yield rates per country as at 31 December 2017...

Tax Circular clarifying income eligible for 50% exemption from personal tax
14/03/2018

We have reported several times in the past about the very attractive personal tax exemption of 50% of employment income...

OECD – Consultation regarding disclosure of CRS avoidance arrangements and offshore structures
20/12/2017

On 11 December 2017, the OECD announced the launching of a consultation on new rules requiring disclosure of CRS avoidance arrangements and...

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