2,291 results found

New arrangements for the taxation of loans or advances to directors and shareholders were introduced to the Income Tax Law through Law 197(I)/2012.

Cyprus companies have a long history of presence in Russian structures.

Cyprus has further extended its network of double tax agreements by signing a new agreement with Jersey.

On 19 May 2017, a Protocol was signed between the Republic of Cyprus and the Republic of San Marino amending the Convention on the Avoidance of Double Taxation with respect to taxes on income.

The Tax Department issued an announcement following the issuance of the Decree on 12 March 2021 in relation to the extension of the deadlines for the submission of the 2019 corporate income tax return ...

On 20 May 2024, the Cyprus Tax Department released the final version of the Table of Summarised Information (TSI) form for the tax year 2022, which is now available for submission on the Tax For All (TFA) portal.

The exemption could be claimed for a maximum of five years commencing from 1 January of the year following the year of commencement of employment, and it applied up to year 2020.

he Tax Department recently informed the Cyprus International Businesses Association that it expects its new electronic taxation service to be operational imminently.

Effective as of 1st of January 2017, the so-called "60 day rule" for the purposes of establishing Cyprus tax residency for individuals is of importance to those seeking Cypriot residency.

In good and in bad times, investments tend to be highest in countries with the least regulations and taxes.

In accordance with the International Business Companies Act 2018, all International Business Companies incorporated on or before October 16, 2017 will continue to benefit from the previously existing tax and stamp duty exemptions until June 30.

Cyprus is positioning itself as a leading jurisdiction for high-net-worth individuals seeking sophisticated wealth structuring and tax planning solutions. With its non-domicile regime, evolving tax framework, and robust trust legislation, the jurisdiction offers internationally mobile families a comprehensive approach to preserving and transferring wealth across generations within a stable EU environment.

On 9 December 2021, Finance Minister Constantinos Petrides, as part of his 2022 Budget presentation to the House of Representatives, announced the intention of the Cyprus government to proceed with the first major overhaul

Cyprus has an advantageous environment for inward investment, providing various incentives to encourage non-residents to set up a business in, or invest through, Cyprus.

On 20 October 2020 the Minister of Finance issued a decree extending further the deadline for submission of direct tax returns of individuals and for payment of the related tax...

For some years the governments of the main developed economies have experienced a loss of tax revenues due to the inability of conventional tax systems to adequately tax the operations of multinational businesses.

The Tax Department has announced an extension of the time allowed for banks and other financial institutions to submit their corporate tax returns for the 2017 tax year.