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The VAT Law has been amended to provide for the reduced rate of VAT of 9 per cent to apply to non-exempt supplies provided by nursing homes.

The VAT Law has been amended to explicitly bring the transfer of the effective right to dispose of immovable property within the scope of VAT.

Cyprus is among the 51 jurisdictions that signed the new OECD/G20 standard on automatic exchange of information.

The Convention for the avoidance of double taxation and the prevention of fiscal evasion signed between Cyprus and the Ukraine on 8th November 2012 will enter into force as from 1 January 2014.

Τhe Council of Ministers, exercising its powers conveyed to it by the Assessment and Collection of Taxes Law, issued a decree (No.288/2021) exempting natural persons...

The Cyprus Tax Department announced that, based on Ministerial Decree Council dated 21 June 2024, the submission of Income Tax declaration for individuals and payment of the tax due for fiscal year 2023 is extended until October 31, 2024.

Eurofast would like to inform you that a further extension of the deadline has been announced regarding the mandatory automatic exchange of information...

The Taxation Department (the ‘Department') has recently informed the Cyprus International Businesses Association that it expects its new electronic taxation service to be operational within days.

The DTT provides for a 0% withholding tax (WHT) rate on interest and royalties.

On 3 January 2018 Cyprus and Saudi Arabia signed an agreement for the avoidance of double taxation with respect to taxes on income and for the prevention of tax evasion.

The double taxation agreement between Cyprus and Estonia has been signed by the two countries' foreign ministers, according to the Cyprus ministry of foreign affairs. Estonia did not adopt the 1982 double tax treaty between Cyprus and the former USSR, and there is currently no double taxation agreement in force between the two countries. Details of the new agreement, which was initialled in February 2011, are not yet available, and it is not yet known when it will enter into force.

The Cyprus Tax Department has extended both the submission of the Personal Income Tax (Form T.D.1) for the tax year 2023 as well as the settlement of any liability that may arise until 31 October 2024.

Philippos Aristotelous, a partner in our Limassol office specialising in tax and international tax planning, was extensively quoted in Tax Analysts' recent coverage of the latest developments regarding the Cyprus-India double taxation agreement.

The Assessment and Collection of Taxes Law (Law 4 of 1978) and the Income Tax Law (Law 118(I) of 2002) have been amended to allow the publication of appeals rulings by the independent tax tribunal.

The Cyprus Tax Department has announced that, with effect from 9 January 2017, applications for registration on the TAXISnet VAT system for electronic submission of VAT returns...

Our 5 minute tax update webcasts are broadcasted monthly and provide a brief summary of local and international tax events impacting Cyprus.

People in Cyprus love just holding their laptops and working in the most amazing places!!!

The House of Representatives recently voted on further amendments to the Income Tax Law relating to the provisions of the Article 8(23A).

I'm going to tell you something very interesting and something clever that our clients do, the bigger clients that we have do.