Imposition of Penalties for Late Filing by Registrar of Companies – Revised Effective Date Announced
Further to our previous newsfeed on the measures announced by the Cyprus Registrar of Companies (the “Registrar”) for supporting businesses in response to the restrictive provisions imposed due to the coronavirus (COVID-19) outbreak, the Registrar announced on 16 April 2020 that the imposition of an administrative fine for late filing of certain forms and notifications will be […]
Cyprus Tonnage Tax System Extension Approved by Parliament
On 15 April 2020 the Cyprus Parliament voted in the law the extension of the Tonnage Tax system applicable to the shipping industry in Cyprus…
Different Easter Holidays
Many of the customs and traditions we have all come to hold so dear during Easter time will not be possible this year
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 flag list…
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…
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 the restrictive provisions imposed due to the coronavirus (COVID-19) outbreak. The measures are outlined below. The procedure for publication in the Official Gazette of the Republic of a 3 months’ notice before deregistration of non-compliant […]
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 System will be reduced…
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 a global pandemic by the World Health Organization, the virus is causing a huge distraction to our day to day personal and professional working lives. The Cyprus Government announced on 15 March 2020 a package […]
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 industry in Cyprus for 10 years starting from…
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 to be considered for…