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The Cyprus government has proposed a series of legislative amendments aimed at strengthening tax enforcement, as part of a broader tax reform currently under public consultation.

The Cyprus Parliament has passed on the 29th September 2017 an amendment to the relevant law,

The Cyprus Tax Department informs that as of 1 March 2018, the monthly payment of tax deducted by employers in Cyprus (PAYE with Tax Code 0100) and bearing no interest...

Further to the lengthy consultation between the competent authorities, the Cyprus partnership law has finally been amended by Law No.144(I)/2015 introducing the long awaited Partnership Limited by Shares ("LPS").

As we informed you late last year, the Council of Ministers decided to transpose the 4th Anti-Money Laundering Directive (EU) 2015/849 to the national legislation. The registry development has been...

Financial institutions need to act now in order to understand the scale of the compliance challenge they face and to have the best chance of an orderly and cost effective implementation of the required process and procedures.

We would like to remind you that the Cyprus Tax Department had announced the submission deadlines with respect to the electronic declarations of withheld Special Defence Contribution and contributions to the General Healthcare System.

Ukraine has recently announced the plan to start an automatic exchange of information on financial accounts under the international Common Reporting Standard as of 2020, pertaining to data relating to 2019.

On 10 July 2018, the House of Representatives voted for amending the provisions of the tax legislation regarding bank debt restructurings involving immovable property in Cyprus.

After a relevant announcement by Cyprus Tax Authorities and in accordance with regulation 24, of the VAT of the Cyprus Regulations of 2001, when taxable persons are identified in VAT returns...

The provisions of the Cyprus Tax law for the treatment of intangible assets have been amended on 14/08/2020, retrospectively from 01/01/2020.

According to the Cyprus Income Tax Laws, all companies that will have taxable income for tax year 2020 should submit to the Tax Authorities by 31 July 2020

On 26 February 2021, the Cypriot Tax Department (CTD) issued an announcement which provides that no imposition of administrative fines for submission will apply until the 30th of June 2021, ...

On 12 December 2024, the Cyprus House of Representatives approved the implementation of a global minimum tax law in Cyprus (the GMT Law) for multinational enterprise groups (MNEs)...

Non Dom Tax Status for High Net Worth Individuals - Explained Simply

A new legislation, according to which the Tax Department will have the authority to tap into bank accounts of taxpayers without a court order in order to obtain any unsettled taxes, is expected to be enacted soon.

The Tax Department of Cyprus announced, on 26 February 2021, that there will be no imposition of administrative fines for overdue submission of DAC6 information in the following cases, ...