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Developments related to the Shipping Industry in Cyprus
The Cyprus Shipping Deputy Ministry announced that the Cyprus Flag Administration has been removed from the US Coast Guard’s targeted…
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Measures in Response to the Coronavirus Outbreak voted by Cyprus Parliament
Many business and employment related measures have been voted in to law by the Cyprus Parliament...
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Measures Announced by Registrar of Companies in Response to the Coronavirus Outbreak
he Cyprus Registrar of Companies (the “Registrar”) announced on 23 March 2020 some measures for supporting businesses in response to…
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Measures to Support the Economy taken by Cyprus Government in Response to the Coronavirus Outbreak
The outbreak of the coronavirus (COVID-19) is creating an unprecedented challenge for the whole world. Having been recently declared as…
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Measures to Support the Economy of Cyprus in Response to the Coronavirus Outbreak – Update
It has been clarified by the Ministry of Finance that the months for which the contributions to the General Healthcare…
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Cyprus Tonnage Tax System Extension – Amendments
As announced back in January the European Commission approved the extension of the Tonnage Tax system applicable to the shipping…
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Reference Interest Rates for 2020 for Notional Interest Deduction on New Equity
The Cyprus Tax Department published on 12 February 2020 the bond yield rates per country as at 31 December 2019…
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One Thing in Common
What do all these, otherwise totally diverse and different, entities and persons have in common? The answer is that they...
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Increase in General Healthcare System Contributions
As from 1 March 2020, the respective contributions will increase to 2.90% for employers, 2.65% for employees, 4% for self-employed…
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