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he Cyprus parliament has passed an amendment to the VAT law imposing 19 per cent VAT on land transactions for business purposes, bringing it into line with the common EU system of VAT.

Broadening the existing network of Double Tax Avoidance Agreements plays a key role for economic activity and enhancing political relations.

Alerts on tax law amendments and other tax related matters are issued periodically to keep you up-to-date with the latest local tax developments.

As part of its modernisation programme the Cyprus Tax Department has encouraged online payment of tax liabilities.

Article 27 of the new double tax agreement between Spain and Cyprus provides that the agreement will enter into force three months after the exchange of official notifications between the governments concerned.

Τhe Minister of Finance issued a decree (478/2020) extending the deadline for the electronic submission of personal income tax returns and the settlement of the relevant income tax liability for the tax year 2019.

An Israeli investor is investing in the Czech Republic. A substantial part of the investment will be financed with debt. As the Czech withholding tax on interest paid to Israel is 10%, he wonders whether this withholding tax can be avoided by structuring the loan through a third country.

The VAT Law of 2000 and the VAT (General) Regulations of 2001 require VAT invoices to be issued for all taxable transactions.

The Cyprus Tax Department has recently issued a circular clarifying its earlier circular EE 2017/4 dated 24 July 2017 regarding the income tax exemptions for persons taking up employment in Cyprus ...

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.

On 14 February the Spanish ambassador and the Cyprus Minister of Finance signed a double taxation agreement between Spain and Cyprus.

Understanding how passive income is taxed in Cyprus, and how the use of a Cyprus company can change the effective tax outcome, is essential for investors, entrepreneurs, and family offices.

The Protocol to the Russia-Cyprus double tax agreement, which was initialled in 2009, was approved by the Russian Prime Minister in September 2010 and signed by the Russian President during his visit to Cyprus the following month.

The Cyprus Tax Department has issued a further reminder that 31 October 2018 is the last date for submission of tax returns for 2017

31st July 2019 is the last day for Income Tax Return submission for employees, for the tax year 2018.

On 25 August 2020, the Tax Department issued an announcement that, due to technical reasons, it has not yet been able to make the following 2019 Income Tax Returns available for submission...

In his letter to ICPAC, the Commissioner of Taxation explained that the extension is given as a result of the Covid-19 pandemic and of certain ambiguities that exist.