As reported at the time, in October 2012 the Cyprus VAT Law was amended to provide for the payment of interest on VAT refunds in accordance with the provisions of Council Directive 2008/9/EC of 12 February 2008.

We have not landed in the moon or in space. We are in Cyprus with only 12.5% corporation tax, and of course everything looks different. When you have zero dividend tax, you feel that you are in a spaceship and the world is yours.

The Spanish government has announced that the double tax agreement between Cyprus and Spain entered into force on May 28 2014.

On 1 January 2014 five new agreements for the avoidance of double taxation (DTAs) between Cyprus and other countries took effect.

On 1 January 2019, the EU Member States shall initiate the procedure to apply new anti-abuse measures in the areas of corporate tax planning which is practised mostly by large multinational entities.

The Minister of Finance, in order to facilitate taxpayers and their tax consultants, has announced that there will be no administrative penalties imposed for the...

On 27 January the Cyprus parliament approved a new law which provides for the payment of overdue taxes by monthly installments.

The VAT Law has been amended to provide for the payment of interest on VAT refunds in accordance with the provisions of Council Directive 2008/9/EC of 12 February 2008 laying down detailed rules for the refund of value added tax.

The negotiations' status is also indicated in the IRS' website.

Proposals have been submitted to Parliament to amend the Income Tax Law to regulate the tax treatment of losses resulting from the bail-in of unsecured depositors which took place in March 2013.

The protocol relates to the avoidance of double taxation in respect of taxes on income and on capital.

The protocol amending the double tax convention between the Republic of Cyprus and the Swiss Confederation which was signed on 20 July 2020 in Nicosia, Cyprus came into effect on 3 November 2021.

On 6 November 2018 Namibia was removed from the EU's list of non-cooperative tax jurisdictions by a decision of the Economic and Financial Affairs Council, which considered that Namibia has made sufficient commitments at a high political level to address EU concerns.

A new treaty aimed at preventing double taxation between Cyprus and France was signed on December 11, 2023, and announced in the Official Gazette on December 22, 2023.

Law 39(I) of 2018 amended the VAT Law to make VAT chargeable on the transfer of the effective right to dispose of real estate or immovable property as owner.

Following the extension of tax relief for the disposal of immovable property for the restructuring non-performing loans introduced by Laws 96(I)/2018, 98(I)/2018, 99(I)/2018 and 100(I)/2018,

Estate duty has been abolished since 1 January 2000. The executor/ administrator of the estate of the deceased, is however required by the Deceased Persons Estate Law...

On 1st February 2024 the Tax Department has issued an announcement that in anticipation of legislative amendments on transfer pricing provisions...

The Cyprus Tax Department informs that the reporting deadline for CRS Purposes for Financial Institutions is 21st July 2017, rather than 30th June 2017.

On June 9, 2023, the Cyprus Tax Authorities announced that an obligation to prepare and submit a Tax Return for 2023 is applicable only to individuals whose annual gross income exceeds € 19,500.