The Prevention and Combating of Money Laundering Law of 2024 was published on 6 December 2024, introducing significant changes to obligations related to the Register of Beneficial Owners of Corporate and Other Legal Entities (UBO Register).
Warm wishes for a Merry Christmas and a Healthy, Happy and Prosperous New Year 2025 from all of us at Seamark!
The Directive is set to ensure a global minimum level of taxation for multinational enterprise groups and large domestic groups in the EU. It introduces a 15% minimum effective tax rate for such groups with consolidated revenues exceeding €750 million per annum.
On 8 December 2024 the Republic of Cyprus and the Sultanate of Oman signed a Double Tax Treaty (DTT).
31 December 2024 is the cut off date for assessing whether there a Deemed Dividend Distribution will need to be considered for Special Contribution for Defence purposes.
Through an announcement issued on 19 November 2024 the Cyprus Tax Department clarified that the bilateral Competent Authority Arrangement (CAA) for the exchange of Country-by-Country (CbC) Reports between...
Through a decree by the Council of Ministers of the Republic published in the Official Gazette of the Republic of Cyprus on 15 November 2024...
The Tax Department announced on 31 October 2024, that the application of the zero rate of VAT on selected food and socially essential products will be re-introduced for...
