Cyprus Tax Department Issues Guidance Related to Tax Residency During the COVID-19 Crisis
On 27 October 2020 the Cyprus Tax Department issued Implementing Directive 4, related to tax residency during the COVID-19…
Deadline for Submission of 2019 Personal Income Tax Returns Further Extended
The deadline for submission of the 2019 personal income tax return is further extended to 30 November 2020.
Cyprus Investment Programme to be Terminated
The Cyprus government announced recently that the Cyprus Investment Programme will be terminated as from 1 November 2020.
Setting Up in Cyprus: Hiring/Relocating Personnel
We are examining aspects related to human resources, whether these relate to hiring employees from the local market and/or relocating existing personnel from abroad.
Mini Fund Managers in Cyprus
A new legislation entitled the “Law which provides for the Incorporation and Operation of Small Alternative Investment Fund Managers” came into force on 3 July 2020 in Cyprus.
Updated Publications on Incentives to Invest, Set-up a Business and Relocate to Cyprus
Following the amendments introduced to the Cyprus Investment Programme we have updated our publications…
Country by Country Reporting – 31 December 2020 Deadline
31 December 2020 is the submission deadline for the following Country-by-Country (“CbC”) Reporting obligations in Cyprus…
Cyprus Investment Programme – Important Amendments
The Cyprus Investment Programme remains largely unchanged, with the amendments and new provisions introduced aiming to provide a more robust and straightforward framework…
Cyprus – VAT Legislation Amendments
Some important amendments to the VAT law of Cyprus have been published in the Official Gazette of the Republic on 20 August 2020.
Cyprus – Russia Double Tax Treaty: Important Amendments
On 10 August 2020, the Republic of Cyprus and the Russian Federation have agreed to amend their Double Tax Treaty…