Double Tax Treaty between Cyprus and Luxembourg enters in to force

The Double Tax Treaty between Cyprus and Luxembourg entered into force on 21 May 2018
Double Tax Treaty between Cyprus and Andorra Enters in to Force

Some important amendments to the Cyprus Companies’ Law have been introduced recently…
Holidays Are Coming

There is still a long way to go before we can claim that we got our lives back, but there is no doubt that great virtues have been demonstrated by people all over the world in overcoming all hurdles…
Best wishes from Seamark!
No Administrative Fines for Submission of Tax Returns until 6 December 2021

The Ministry of Finance of the Republic of Cyprus announced on 1 December 2021 that there will be no imposition of administrative fines for the electronic submission…
DAC 6 – Tax Circular Providing Clarifications on Penalties

On 19 November 2021 the Cyprus Tax Department issued a Circular providing clarifications on the administrative fines imposed for non-compliance with DAC6 reporting obligations.
DAC 6 – Further Extension to the Imposition of Administrative Fines for Overdue Submission of Information

On 22 November 2021 the Cyprus Tax Department announced a further extension to the period over which no administrative…
DAC6 – Publication of the official guidelines for implementation in Cyprus

On 29 October 2021 a Decree by the Cyprus Ministry of Finance was published in the Official Gazette of the Republic.The Decree provides practical guidance with respect…
Ultimate Beneficial Owner Register – Simplification of Submission Procedure

On 29 October 2021 the Cyprus Registrar of Companies announced that as from that day the submission of information to the Ultimate Beneficial Owner Register…
New Package of Incentives for Establishing or Expanding Presence in Cyprus

On 15 October 2021 the Cyprus government presented its Action Plan for attracting companies to establish or expand presence in Cyprus. The Plan is in line with…
Inheritance and Estate Planning – Company or Trust?

In this newsfeed we will focus on two popular Cyprus entities, which can be used for arranging and administering the wealth of a family in order to ensure its smooth and careful transmission from…