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Cyprus: Amendments to the Tax Treatment of Intangible Assets
07/08/2020

On 17 July 2020, a bill amending the Income Tax Law was approved by the Cyprus Parliament, introducing a number of changes concerning the tax treatment of intangible assets.

Protocol to Double Tax Treaty between Cyprus and Switzerland
05/08/2020

On 20 July 2020, an amending Protocol to the existing Double Tax Treaty of 2014 was signed between the Republic of Cyprus and the Swiss Confederation...

Investment Funds in Cyprus
05/08/2020

The legal, tax and overall business environment of Cyprus is ideal for the setting up and management of investment funds...

Deadline for Payment of Residual Income Tax for 2019
23/07/2020

The statutory deadline for the payment of any residual (i.e. after taking in to account any tax which was paid provisionally) income tax due for the year 2019 for ...

Cyprus Adopts Exit Tax and Hybrid Mismatch ATAD Provisions
08/07/2020

On 19 June 2020, the Cyprus Parliament voted into law the provisions of the EU Anti-Tax Avoidance Directives (ATAD I and ATAD II), which had not been transposed in to local legislation before...

EU Council Approves Deferral of DAC6 Reporting Deadlines
01/07/2020

The Directive gives Member States the option to defer the application of what is known as DAC6 by six months... 

Reduction in VAT rate applicable to hospitality and transportation services
25/06/2020

The reduction of the VAT rate applicable to the hotel and related accommodation, catering and transportation services from 9% to 5% will be applicable from 1 July 2020 to 10 January 2021.

Notional Interest Deduction on New Equity: Amendments
18/06/2020

The provisions of the Income Tax Law related to the Notional Interest Deduction (NID) on New Equity were amended...

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