Warm wishes for a Merry Christmas and a Healthy, Happy and Prosperous New Year 2025 from all of us at Seamark!...
19 December 2024
Re-introduction of Temporary Application of Zero VAT Rate for Essential Items
The Tax Department announced on 31 October 2024, that the application of the zero rate of VAT on selected food and socially essential products will be...
01 November 2024
Tax Circular on 50% Exemption of Remuneration from Income Tax
On 8 July 2024 the Cyprus Tax Department issued Circular 04/2024 entitled “50% exemption from Income Tax on remuneration from employment exercised in the Republic”....
06 August 2024
Cyprus Parliament Approves EU Blue Card Legislation
On 11 July 2024, the Cyprus Parliament approved the draft legislation for the implementation of the EU Blue Card Scheme. The EU Blue Card offers a...
17 July 2024
Tax Treatment of Medical Scheme Contributions
Through a circular issued on 30 May 2024, the Cyprus Tax Department announced amendments in the tax allowable thresholds for contributions to medical schemes. It relates...
12 June 2024
Reduced VAT Rate on New Residence – Important Amendment
On 26 April 2024 an amendment to the Cyprus VAT Law was published in the Official Gazette of the Republic of Cyprus. The amendment gives to...
10 May 2024
Easter Holidays 2024
We warmly express our best wishes for a Happy Easter! Kindly be informed that our office will be closed from Friday, 3 May 2024, until Tuesday,...
02 May 2024
Further Extension of Temporary Application of Zero VAT Rate for Essential Items
On 19 April 2024 an amendment to the VAT Law was published in the Official Gazette of the Republic of Cyprus for the extension of the...
05 April 2024
Application for Cyprus Citizenship Based on New Provisions
On 22 March 2024, the Ministry of Interior announced further clarifications regarding the amended provisions of the Civil Registry Law regarding naturalisation....
