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As part of the policy of the Cypriot government to promote the economy of the state, by means of creating attractive and competitive conditions for foreign investors...

Cyprus is widely recognised as one of the most attractive jurisdictions in Europe for international business. With low corporate tax, zero dividend tax in many cases, and relatively low operating costs, it offers substantial advantages.

Kosovo's recent updates to its personal income tax legislation bring important changes that every taxpayer should be aware of. These adjustments will directly influence net income...

On 4 November 2016 the House of Representatives of Cyprus approved changes to the existing preferential tax treatment of income from the exploitation and/or sale of intellectual property (IP BOX).

The provisions of the Treaty will apply from 1st January of the year following ratification.

On 23rd February 2024, the Cyprus Official Gazette published a noteworthy Decree, signaling a meaningful change in taxation.

The first-time double tax treaty (DTT) between Cyprus and Saudi Arabia signed on 3 January 2018 will enter into force on 1 March 2019 as per a recent update of the Cyprus Ministry of Finance.

Surprising as it may seem, most of the advantages of the Cypriot Tax Regime were, up until recently, mostly directed to non- Cypriot Tax residents.

The Cyprus Parliament voted on 14 October 2016 amendments to the Cyprus Income Tax Law 118(Ι)/2002, as amended, relating to foreign Permanent Establishments (PEs).

It seems that one of the latest buzzwords in the field of international tax planning is "substance". The term "substance" is frequently used to indicate real/physical presence of legal entities in their country of tax residence, as opposed to the use of the so called "shell" or "conduit" companies for obtaining certain tax, or double tax treaty, benefits.

Further to our previous Indirect Tax Update (Issue 191), please be advised that the Deputy Ministry of Tourism announced that self-service establishments must register with the relevant Register by 6 February 2023.

On the 19.07.2021, the Ministry of Tourism announced the initiating of the process of submitting applications for registration of premises (villas, residences, apartments) in the Register of Self- Service Accommodation.

An individual is a tax resident in Cyprus for income tax purposes if he/she stays physically in Cyprus for a period or periods exceeding 183 days in aggregate during a tax year.

Welcome to our 5 minute tax update broadcasted monthly. The aim of our tax webcasts is to provide a brief summary of local and international tax events impacting Cyprus.

As a trader the last thing you would like is have the taxman have a share of the tough work by taking a bite on the returns on investment for the year.

On January 27 2017 Parliament approved a new law which provides for the payment of overdue taxes by monthly instalments.

Explore the latest amendments in the Bulgarian Corporate Income Tax Act, including the introduction of an additional tax for multinational and large national enterprise groups, effective from January 1, 2024.