NEWSROOM

Reduced VAT Rate on New Residence – Important Amendment
10/05/2024

On 26 April 2024 an amendment to the Cyprus VAT Law was published in the Official Gazette of the Republic of Cyprus. The amendment gives to the Commissioner of the VAT Authorities the discretion...

Easter Holidays 2024
02/05/2024

We warmly express our best wishes for a Happy Easter! Kindly be informed that our office will be closed from Friday, 3 May 2024, until Tuesday, 7 May 2024, both inclusive, for Orthodox Easter Holidays in Cyprus.

Further Extension of Temporary Application of Zero VAT Rate for Essential Items
30/04/2024

On 19 April 2024 an amendment to the VAT Law was published in the Official Gazette of the Republic of Cyprus for the extension of the application of the zero rate of VAT...

Deadline for Submission of Employer’s Return
18/04/2024

The deadline for submission of the Withholding Taxes and Contributions Return or the year 2023 is on 31 May 2024.The Return, otherwise known as the Employer’s Return, provides...

Transfer Pricing Rules in Cyprus – New FAQs by Tax Authorities
09/04/2024

The Cyprus Tax Department issued new Frequently Asked Questions on its website, providing guidance on certain aspects of the Transfer Pricing Rules introduced with effect from 1 January 2022.  

Application for Cyprus Citizenship Based on New Provisions
28/03/2024

On 22 March 2024, the Ministry of Interior announced further clarifications regarding the amended provisions of the Civil Registry Law regarding naturalisation.

Announcement by Registrar for Abolition of Annual Levy
22/03/2024

The Registrar announced on 21 March 2024 that the abolition will be with effect from 2024, therefore all levies up to and including 2023 are still due.

UBO Register – Problematic Cases
15/03/2024

The Cyprus Registrar of Companies issued an announcement on 14 March 2024, focusing on the cases where it is not possible to comply with the obligation to submit information...

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