NEWSROOM

One Thing in Common
28/02/2020

What do all these, otherwise totally diverse and different, entities and persons have in common?
The answer is that they...

Cyprus Companies on the Brink of Forced Strike-Off
27/02/2020

Recently notices were sent by the Registrar even for Annual Returns which were submitted in the past,  irrespective of the fact that at the time there was no indication of any issue with the particular Annual Returns...

Increase in General Healthcare System Contributions
27/02/2020

As from 1 March 2020, the respective contributions will increase to 2.90% for employers, 2.65% for employees, 4% for self-employed persons and 4.70% for the state... 

Cyprus ratifies the Multilateral Instrument
29/01/2020

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
29/01/2020

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
17/01/2020

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
14/01/2020

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
09/01/2020

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... 

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