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Public Interest Rate for 2023
With a decree issued on 28 December 2022, the Minister of Finance of the Republic of Cyprus has increased the…
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UBO Register – Obliged Entities
With an announcement on 3 January 2023, the Registrar clarified that obliged entities must submit a Solemn Declaration along with…
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Earnings Threshold for Employment Contribution Purposes for 2023
The earnings cap for Social Insurance purposes for 2023 has increased to €60,060 per annum (2022: €58,080 per annum). It…
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Deemed Dividend Distribution as at 31 December 2022
Companies with accounting profits for tax year 2020 which fall within the Deemed Distribution (DD) provisions, would have to declare…
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Christmas Wishes
Whether it relates to guarding ourselves from viruses, avoiding war or any other conflict, treatment of refugees, protection of the…
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UBO Register for Investment Funds – Important Clarifications
The Cyprus Registrar of Companies through an announcement issued on 9 December 2022, clarified that what should be declared is…
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Cyprus Registrar of Companies Suspends Access to UBO Register
The Cyprus Registrar of Companies announced on 28 November 2022 that access to the UBO Register for the general public…
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ECJ Decision on Public Access to UBO Registers
On 22 November 2022, the European Court of Justice (ECJ) effectively ruled that public access to the registers of beneficial…
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Income Tax exemptions for Persons who Move to Cyprus for Employment – Clarifications by Tax Department
On 1 November 2022 the Cyprus Tax Department issued Tax Circular 10 of 2022, providing clarifications and examples on how…
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