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…
Cyprus: Amendments to the Tax Treatment of Intangible Assets
On 17 July 2020, a bill amending the Income Tax Law was approved by the Cyprus Parliament, introducing a number of changes concerning the tax treatment of intangible assets.
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.