Double Tax Treaty Between Cyprus and Croatia in Application
Through a circular issued on 1 February 2024 the Cyprus Tax Department announced that the necessary procedures for ratification of…
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Double Tax Treaty between Cyprus and Andorra Enters in to Force
Some important amendments to the Cyprus Companies’ Law have been introduced recently...
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Transfer Pricing – Revised Thresholds
On 1 February 2024, the Cyprus Tax Department published revised thresholds for what concerns the obligation to prepare a Local…
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Cancellation of Penalties for Late Submission of Data to UBO Register
The Cyprus Registrar of Companies announced, on 31 January 2024, that any penalties imposed for late submission of data to…
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Extension of Deadline for Submission of Data on UBO Register
The Cyprus Registrar of Companies announced, on 17 January 2024, the extension of the deadline for submission of data to…
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Important Updates in Relation to DAC7
Following the implementation of EU Council Directive 2021/514 (DAC7), which amended Directive 2011/16 on administrative cooperation in the field of…
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Cyprus and France Sign a New Double Tax Treaty
On 11 December 2023 Cyprus and France signed a Double Tax Treaty (DTT) which, once it enters in to force,…
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Reduction of Special Contribution for Defence on Interest Income
Through an amendment approved by the Cyprus Parliament on 6 December 2023, the Special Contribution for Defence rate on interest…
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Public Interest Rate for 2024
With a decree published in the Official Gazette of the Republic of Cyprus on 29 December 2023, the Minister of…
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