ArticleAmnesty On Overdue Tax PaymentsIn November 2011 the Cyprus Parliament enacted a law allowing a partial write-off of interest and penalties on overdue tax. CyprusWealth ManagementElias Neocleous & Co LLC
ArticleEU Commission Approves Cyprus Bank Liquidity SchemeThe European Commission has approved the Cyprus government’s plan to use special government bonds to reinforce stability in financial markets and mitigate the effects of the current financial downturn under EC Treaty state aid rules. CyprusWealth ManagementElias Neocleous & Co LLC
ArticleNew Law For Regulation Of Fiduciary Service ProvidersThe Third EU anti-money laundering Directive extends Member States’ anti-money laundering and antiterrorist financing obligations to cover life insurance intermediaries and trust and company service providers. CyprusWealth ManagementElias Neocleous & Co LLC
ArticlePodcast Episode 6: Private Wealth Strategies 2025 – 2026: Why Cyprus? When Greece Or Dubai Make Sense?Ultra-high-net-worth families are re-drawing their maps. The past five years rewired the rules: transparency has gone mainstream, "offshore" is out of fashion, and governments are openly competing for talent...CyprusWealth ManagementAGPLAW | A.G. Paphitis & Co. LLC
ArticleProposal For New Investment LawThe new law will focus on investments which are deemed to be significant according to predetermined criteria stipulated by the government.CyprusWealth ManagementElias Neocleous & Co LLC
ArticleReporting Of Advance Crossborder RulingsIn order to ensure compliance with EU Directive 2015/2376/EU amending EU Directive 2011/16/EU on the compulsory automatic exchange of information in the field of taxation – CyprusWealth ManagementElias Neocleous & Co LLC
ArticleSettlement Of Tax Arrears Under The Process Of Adjustment Of Tax Arrears Law Of 2017The Cyprus Tax Department has issued a further reminder to submit applications for settlement of arrears of tax by instalments under the Process of Adjustment of Tax Arrears Law of 2017 (Law 4(I)/2017). CyprusWealth ManagementElias Neocleous & Co LLC
ArticleTax Facts & Figures 2023 - Stamp DutyThe following table gives the amount or rate of duty payable on certain documents. Transactions which fall within the scope of reorganisations are exempt from stamp duty.CyprusWealth ManagementPwC Cyprus
ArticleTaxation Of Deemed Benefits On Loans And Advances To Directors And ShareholdersInterpretative Circular 14, issued by the Cyprus Tax Department on 14 November 2017, clarifies the application of article 5(2)(g) of the Income Tax Law, which provides for a deemed benefit...CyprusWealth ManagementElias Neocleous & Co LLC
ArticleTypes of Activity - 6. Life, General and Captive InsuranceCyprusWealth ManagementCentral Bank Of Cyprus
ArticleCyprus Removed from all Italian Tax ‘Blacklists’The additional protocol to the Cyprus – Italy agreement on the avoidance of double taxation, which was signed on 28 May 2009, has now been ratified by both countries and has come into effect. CyprusWealth ManagementElias Neocleous & Co LLC
ArticleDesignation Of The Cyprus Stock Exchange As A Recognised Stock Exchange For UK Tax PurposesWith effect from 22 June 2009 HM Revenue & Customs (HMRC) have designated the Cyprus Stock Exchange as a 'recognised stock exchange' under the Income Tax Act 2007. CyprusWealth ManagementElias Neocleous & Co LLC
ArticleElias Neocleous's Presentation At The International Russian Wealth Advisors Forum 2016Elias's presentation focused on opportunities for onshore tax planning for high net worth individuals, comparing the relative attractions of Switzerland, the Netherlands, the UK and Cyprus from the point of view of Russian investors. CyprusWealth ManagementElias Neocleous & Co LLC
ArticleExtension Of Amnesty For Late Payment Of Tax LiabilitiesAs reported in an earlier issue, in November 2011 the Cyprus Parliament enacted a law allowing for a partial write-off of interest and penalties on overdue tax liabilities.CyprusWealth ManagementElias Neocleous & Co LLC
ArticleNew Tax Residence Provisions For IndividualsPrior to the enactment of the new law, individuals are resident in Cyprus for the purposes of income tax if they are physically present for at least 183 days in the tax year.CyprusWealth ManagementElias Neocleous & Co LLC
ArticleRegistered Alternative Investment Funds UpdateWe would like to inform you that the Cyprus Securities and Exchange Commission ("CySEC") has published an announcement reiterating the legal and regulatory framework applicable to RAIFs.CyprusFinance and BankingG. Vrikis & Associates LLC