1 Concern About Cyprus Relocation - the Only Concern!

As of 01/01/2024, the social insurance contributions rates change as follows.

The Cyprus Tax Department has issued a new circular (EE26, dated 7 September 2018) clarifying the taxation of earnings of insurance agents.

The Department of Merchant Shipping recently announced that it has amended the form for declaration by a legal representative or auditor of a company adopting the tonnage tax system that the company concerned was tax resident in Cyprus for the relevant year.

The double tax agreement between Cyprus and Lithuania took effect from January 1 2015 in respect of taxes withheld at source on or after that date and all other taxes on income for fiscal years beginning on or after that date.

The Cyprus Ministry of Finance has formally announced that the negotiations on the double taxation agreement between Cyprus and India were successfully completed on June 29.

Cyprus has signed the Council of Europe-Organisation for Economic Cooperation and Development Convention on Mutual Administrative Assistance in Tax Matters and its Protocol.

The local newspaper "Foni tis Lemesou" has recently published an article, written by our corporate department lawyers.

According to reports in the Indian media, the Cyprus foreign ministry has confirmed that the Cyprus authorities have informed their Indian counterparts that they are ready to finalise the new double taxation agreement...

According to a report issued by the General Directorate for Taxes of the Spanish Ministry of Finance, the Ministry has substantially reduced its list of countries regarded as tax havens around the world.

A further step towards implementation of the renegotiated double tax avoidance agreement between Cyprus and India has taken place...

The double taxation agreement between Spain and Cyprus will enter into force three months after official notifications that ratification has been completed.

The Republic of Cyprus and the Islamic Republic of Iran have signed an agreement in Nicosia on the avoidance of double taxation and fiscal evasion with respect to taxes on income, after negotiations spanning several years.

The Cyprus Tax Department has issued a reminder that 31 December 2017 is the final date for payment of the second instalment of income tax for 2017 under the self-assessment scheme...

Article 9(B) of the Income Tax Law of 2002 as amended provides for a notional interest deduction for tax purposes on new equity capital (paid-up share capital and share premium) injected into companies...

In order to ensure compliance with Directive (EU) 2015/2376 of 8 December 2015 amending Directive 2011/16 / EU on compulsory automatic exchange of information in the field of taxation...

On February 24, 2014, Cyprus and Norway signed a new double taxation agreement.

On 25 July 2014 Switzerland and Cyprus signed a new agreement for the avoidance of double taxation (DTA) with respect to taxes on income and capital.

One of the current priorities for the Cyprus Tax Department is to modernise the administration of the tax system, moving away from a paper-based system to a more streamlined electronic system...