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The Tax Department of Cyprus announced, on 26 February 2021, that there will be no imposition of administrative fines for overdue submission of DAC6 information in the following cases, ...

The double tax agreement between Cyprus and Portugal, which was signed on November 19 2012, entered into force on August 16 2013 following the completion of ratification procedures by the two countries and the exchange of notifications of ratification.

The ratification process in the Netherlands will be finalised by the signature of the Treaty by the King of the Netherlands.

Despite having complied with all relevant information exchange requirements Cyprus continued to be included in the Spanish tax authorities “blacklist” of tax havens.

On June 21, 2024, the Cyprus Tax Department announced a significant update regarding the submission deadline for the income tax return (T.D.1) for individuals.

The Process of Adjustment of Tax Arrears Law 2017 (Law 4(I)/2017) establishes a procedure for settling tax arrears by monthly instalments. It provides a waiver of interest and penalties of up to 95% for all nationally imposed taxes

The Cyprus Tax Authorities, taking into consideration the International developments (OECD/G20 initiative – BEPS) have decided to proceed with the alteration of the current tax regime...

October 30 2009 Cyprus tax legislation does not contain specific provisions relating to the thin capitalization of companies, such as limits on debt-to-equity ratios.

The Directive 2011/16/EU governs the mandatory automatic exchange of information for tax purposes in all the EU member states.

We prepared the ‘‘Overview of EU Member States and Switzerland'', which gives you a comprehensive overview of the current state of play

DAC6 constitutes one of the most notable breakthroughs in the field of automatic exchange of information in the last years.

Following the removal of Cyprus from the Portuguese tax blacklist in 2011, the two countries have now signed a double tax agreement.

A newsletter has been issued by the Tax Department on the new VAT rules relating to cross-border e-commerce (business-to-consumer – B2C). The rules will enter into force from the 01st of July 2021.

Cyprus has introduced new rules with respect to establishing the tax residency of individuals, by an amendment to the Cyprus Income Tax Law passed in July 2017. It is important to note...

By a recent amendment of the Capital Gains Tax Law, Cyprus has abolished the payment of any Capital Gains Tax for immovable properties purchased until the end of 2016.

On January 20th, 2022 the Organisation for Economic Cooperation and Development (OECD) issued an update to the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations (Transfer Pricing Guidelines) of 2017

According the Cyprus Income Tax Laws, all companies that will have taxable income for tax year 2021 should submit to the Tax Authorities by 31 July 2021, a temporary tax return form.