NEWSROOM

Important Changes to the Cyprus Permanent Residence Permit Programme
05/04/2021

The Cyprus Permanent Residence Permit Programme became even more attractive with some changes, which became effective on 24 March 2021.

DAC6 Legislation Voted by Cyprus Parliament
23/03/2021

On 18 March 2021 the Cyprus Parliament voted into law the provisions of the EU Directive on Administrative Cooperation, commonly known as DAC6.

Ultimate Beneficial Owner Register for Companies – Time to Act
17/03/2021

On 12 March 2021, the Registrar issued a directive with guidelines regarding the maintenance and operation of the Register, as well as...

Deadline for Submission of 2019 Tax Returns Extended
16/03/2021

The Ministry of Finance of the Republic of Cyprus issued a decree on 12 March 2021 based on which the deadline for submission of...

Cyprus – Russia Double Tax Treaty: Amending Protocol Comes in to Effect
02/03/2021

The ratification procedure has been completed and the protocol came in to effect on 15 January 2021 and it is applicable as from...

Reference Interest Rates for 2021 for Notional Interest Deduction on New Equity
02/03/2021

The Cyprus Tax Department published on 12 February 2021 the bond yield rates per country as at 31 December 2020 to be considered for the Notional Interest Deduction (NID) to which equity...

Imposition of Administrative Fines Related to Late DAC6 Reporting
01/03/2021

On 26 February 2021 the Tax Department announced that there will be no imposition of administrative fines for overdue submission of DAC6 information that will be submitted until the 30 June 2021, related to...

Cyprus and Germany Sign an Amending Protocol to their Double Tax Treaty
26/02/2021

On 19 February 2021 Cyprus and Germany signed an amending protocol to their existing Double Tax Treaty (DTT) of 2011.

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