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Cyprus and Germany Sign an Amending Protocol to their Double Tax Treaty
On 19 February 2021 Cyprus and Germany signed an amending protocol to their existing Double Tax Treaty (DTT) of 2011.
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Ultimate Beneficial Owner Register for Companies – Starting on 16 March 2021
The Registrar of Companies announced on 19 February 2021 that the final starting date for collection of data will be…
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Payment of VAT in Instalments due to COVID-19
On 9 February 2021, an amendment to the VAT Law was published in the Official Gazette of the Republic, allowing…
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Cyprus Tax Department Extends Guidance Related to Tax Residency During the COVID-19 Crisis
A new Implementing Directive was issued on 25 January 2021, which extends the provisions of Directive 4/2020 for the year…
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Double Tax Treaty Between Cyprus and Egypt Enters in to Force
The Cyprus Tax Department has recently announced that the ratification procedure was completed in both countries and the new DTT…
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Extension of DAC6 Reporting Deadlines
On 3 February 2021 the Cyprus Tax Department announced that the EU Directive on Administrative Cooperation, commonly known as DAC6,…
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Reductions in Cyprus Tonnage Tax for Environmentally Friendly Vessel
The Cyprus Shipping Deputy Ministry announced incentives for encouraging emission-reduction and protection of the environment by vessels.
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Ultimate Beneficial Owner Register for Companies – Change in Starting Date
The Registrar of Companies announced on 15 January 2021 that the collection of data will begin on 22 February 2021...
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Cyprus Implements Ultimate Beneficial Owner Register for Companies
On 16 December 2020, the Council of Ministers of the Republic of Cyprus took some decisions related to the implementation…
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