We assist in achieving the objectives of the investment funds in which we are involved
Set-up and redomiciliation of investment funds and management companies, bookkeeping and NAV calculation, regulatory reporting, secretarial, processing investors’ transactions
Protocol to Double Tax Treaty between Cyprus and Switzerland
On 20 July 2020, an amending Protocol to the existing Double Tax Treaty of 2014 was signed between the Republic of Cyprus and the Swiss Confederation…
Deadline for Payment of Residual Income Tax for 2019
The statutory deadline for the payment of any residual (i.e. after taking in to account any tax which was paid provisionally) income tax due for the year 2019 for …
Cyprus Adopts Exit Tax and Hybrid Mismatch ATAD Provisions
On 19 June 2020, the Cyprus Parliament voted into law the provisions of the EU Anti-Tax Avoidance Directives (ATAD I and ATAD II), which had not been transposed in to local legislation before…
EU Council Approves Deferral of DAC6 Reporting Deadlines
The Directive gives Member States the option to defer the application of what is known as DAC6 by six months…
Reduction in VAT rate applicable to hospitality and transportation services
The reduction of the VAT rate applicable to the hotel and related accommodation, catering and transportation services from 9% to 5% will be applicable from 1 July 2020 to 10 January 2021.
Notional Interest Deduction on New Equity: Amendments
The provisions of the Income Tax Law related to the Notional Interest Deduction (NID) on New Equity were amended…
Deadline for Submission of 2019 Personal Income Tax Returns Extended
The Ministry of Finance of Cyprus extended the deadline for submission of the 2019 personal income tax return to 30 October 2020…
Deadline for Submission of 2018 Tax Returns Further Extended
Through a Decree issued on 22 May 2020, the Cyprus Tax Department announced that the deadline is further extended…
EU Commission Proposes Deferral of DAC6 Reporting Deadlines
The EC published a press release on 8 May 2020 proposing a deferral of the reporting deadlines under DAC6 by three months