Extension In Reporting Deadline For FATCA / CRS /DAC2 Returns

Transfer pricing often first appears to be an accounting question. The legal position matters just as much. A payment between companies in the same group may be recorded correctly in the accounts and still need to be tested against the terms independent parties would have agreed.

They are trying to tax the provident funds, the hedge funds and the pension funds. This is something we are against.

A new Chainalysis report reveals that over $457 billion in potentially taxable cryptocurrency activity occurred globally in 2025, with significant implications for crypto holders and traders in Cyprus. While frameworks like OECD's CARF and EU's DAC8 extend reporting requirements to crypto-asset service providers, substantial portions of DeFi, peer-to-peer transfers, and private wallet holdings remain outside their scope, creating critical compliance gaps that blockchain analytics must fill.

Cyprus's 2026 tax reform introduces a 10% charge on disguised dividends, targeting previously informal arrangements where shareholders use company assets for private purposes. The charge applies to the full market value of assets like company cars and properties, creating significant tax exposure for owner-managed businesses that were previously operating under unreported arrangements.

Cyprus has fundamentally altered its corporate tax residence rules, effective January 2026, creating automatic tax residency for all Cyprus-incorporated companies unless a double tax treaty explicitly provides otherwise.

The Council of Ministers has issued Orders introducing significant changes to the VAT treatment of immovable property, with effect from 1 September 2026. The amendments to the Fifth and Eighth Schedules of the VAT Law will change the way the VAT treatment of buildings is determined and introduce corresponding changes to the rules concerning the reduced VAT rate applicable to certain renovation and repair works.

Cyprus has cut its dividend tax rate from 17% to 5% starting January 2026, but the reduction applies only to profits earned from that date forward.

Cyprus has introduced an 8% tax rate on qualifying crypto-asset disposal gains while implementing full MiCA authorisation requirements following the end of the transitional period on 1 July 2026.

The governments of the Hong Kong Special Administrative Region (HKSAR) and the Republic of Cyprus announced the signing of a comprehensive double taxation agreement (DTA) on 12 June aimed at eliminating double taxation on income and combating tax evasion and tax avoidance.

Even at the F1 Grand Prix, smart founders talk tax. With the Cyprus IP Box regime, tech companies, app developers and IP owners pay an effective tax rate of just 3% on qualifying IP income — an 80% exemption that survived the 2026 tax reform (standard corporate tax is now 15%). Combine it with non-dom status and 0% tax on dividends, and Cyprus puts your business in pole position. Our team handles the structuring, IP Box application and all filings from A to Z.

In July 2026, the Cyprus Business Development Organisation Law 2026 (Law 124(I)/2026) was enacted, providing for the establishment and operation of the Cyprus Business Development Organisation (the “Organisation”).

Have you ever thought of the lifecycle of your office chair? Funnily enough, it’s rather straight forward - once the raw materials are extracted and the chair is manufactured and distributed, it will be used for 5-10 years (if you are lucky), and then into the trash it goes. That’s just a small example of the traditional “take-make-waste” model which has been deemed as unsustainable and the transition to a circular economy has become increasingly urgent for Europe - a system designed to eliminate waste and keep resources in use for as long as possible.

On 3 September 2026, the Court of Justice of the European Union (the "CJEU") delivered its judgment in Case C-798/24, Jautiva (the "Judgment"), addressing the compatibility of unrestricted public access to shareholder information with European Union ("EU") company law and data protection rules.

The mechanism of the preliminary reference stands as one of the cornerstones of European Union law. It establishes a channel of judicial cooperation between the national courts of Member States and the Court of Justice of the European Union ("CJEU"), ensuring the uniform interpretation and application of EU law across all Member States. Understanding this mechanism, and in particular the conditions under which a Cypriot court may invoke it, is of considerable practical importance for any party appearing in proceedings that raise a question of EU law.

A Cyprus District Court has declared a forged power of attorney void and annulled the transfers of 23 high-value properties that were fraudulently transferred using the falsified document.

The European Union has adopted its 21st package of restrictive measures against Russia, introducing significant new sanctions targeting the financial sector, crypto-assets, energy industry, and shadow fleet operations.

The European Union has spent the last decade reshaping the digital regulatory landscape through landmark legislation such as the General Data Protection Regulation (GDPR) and the AI Act. The European Health Data Space (EHDS) Regulation is the next significant step in that evolution. While often described as a healthcare initiative, the EHDS is at its core a data governance framework designed to unlock the value of electronic health data while safeguarding fundamental rights and promoting innovation.

Cyprus has introduced a Foreign Direct Investment screening framework that adds a new layer of regulatory oversight to cross-border transactions in strategic sectors. The regime extends beyond immediate investing entities to examine ultimate ownership structures, meaning EU-incorporated subsidiaries may still trigger notification requirements if third-country control exists higher in the corporate chain.

Cyprus is positioning itself as a leading jurisdiction for high-net-worth individuals seeking sophisticated wealth structuring and tax planning solutions. With its non-domicile regime, evolving tax framework, and robust trust legislation, the jurisdiction offers internationally mobile families a comprehensive approach to preserving and transferring wealth across generations within a stable EU environment.

Juvenile delinquency stems not from inherent criminality but from complex interactions between social, familial, educational, and environmental factors during child development. Understanding these root causes is essential for creating effective interventions that prioritize rehabilitation over punishment. Can preventive, child-centered approaches successfully address youth offending while promoting long-term social inclusion?