Increased Tax Deduction for Research and Development Expenses
An amendment to the Income Tax Law (the ‘Law’) was voted by the Cyprus Parliament on 7 July 2022 in…
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Limited Assurance Review Instead of Full Scope Audit
The Cyprus Parliament approved amendments to the Companies Law and to the Assessment and Collection of taxes law on 9…
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Introduction of Transfer Pricing Rules in Cyprus
On 30 June 2022, the Cyprus Parliament voted in to law a package of measures introducing detailed Transfer Pricing (TP)…
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Extension of Deadline for Payment of Annual Levy for 2022
Based on a law voted by Cyprus Parliament on 30 June 2022, the deadline for payment of the Annual Levy…
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Reminder for UBO Register Deadline
The Cyprus Registrar of Companies issued an announcement on 27 June 2021 as a reminder that the deadline for submission…
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Reduction of Penalty for Late Submission of Annual Returns
Further to an amendment in the Companies’ Law, which came in to effect on 24 June 2022, the maximum of…
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Third Country Nationals Relocating to Cyprus – New Options
The Council of Ministers of the Republic of Cyprus recently approved new regulations permitting the issuance of immigration permits for…
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Reduction on tax rate applied on interest on corporate and other bonds
On 26 of May 2022, the Cyprus Parliament approved an important amendment to the Special Contribution for Defense (“SCD”) Law,…
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Change of Data at the Registrar of Companies for Sanctioned Companies
The Cyprus Registrar of Companies (the “Registrar”) announced on 30 May 2022 that for companies the name of which and/or…
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