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The re-domiciliation of companies is a procedure during which a company transfers its seat and registered office of incorporation, to and from one jurisdiction...

A Cyprus International Trust, under the International Trusts Law, 69(I)/1992 as amended by Law 20(I)/2012, is a trust.

A Cyprus International Trust, under the International Trusts Law, 69(I)/1992 as amended by Law 20(I)/2012, is a trust where (i) the settlor was not a Cyprus tax resident...

Transformation of the existing Fast Track Business Activation Mechanism into a Business Facilitation Unit operating or expressing interest to operate in Cyprus.

On 24 July 2017, the Cyprus Tax Department issued Interpretative Circular 2017/4 in relation to income tax exemptions, sections 8(21) and 8(23) of the Income Tax Law 118 (I)/02.

An individual who is tax resident in the Republic of Cyprus (the Republic), is taxed on income accruing or arising from sources both within and outside the Republic.

The Isle of Man and the Czech Republic signed a Tax Information Exchange Agreement (TIEA) on 18 July to regulate and facilitate the exchange of tax information between them.

The answer is simple. You should start using the Cyprus tax regimes!

On 13 March 2018, the EU Economic and Financial Affairs Ministers adopted the European Commission's proposal of June 2017, amending Directive 2011/16/EU.

The Cyprus income tax office has recently issued the application Guidance nu 4/2020 dealing with the application of the relevant articles of the law on tax residency and PE considering Covid 19 pandemic.

As reported previously in Global Tax Weekly, in July 2015 the Cyprus Government introduced a notional interest deduction ("NID") on new equity capital, aimed at leveling the playing field between debt and equity finance.

Earlier this year the Cyprus Tax Department announced that the so-called minimum margin scheme, under which a deemed margin is imputed on "back to back" intra-group loans for the purposes of assessing taxable income...

Stay on top of tax issues and strategies that impact your business. Watch our Tax Webcasts, a quarterly summary of significant local and international tax events impacting Cyprus.

1. Local tax developments; 1.1 Main amendments to the Income Tax Law; 1.2 Main amendments to the Capital Gains Tax Law; 1.3 Loan restructurings tax provisions; 1.4 Public interest rate; 1.5 Income tax circulars and announcements.

Many of our readers are probably aware that Cypriot legislation states that individuals who spend more than 183 days during a tax year (the period from 1stJanuary until 31stDecember) in Cyprus are considered a Cyprus Tax Resident.

Residency for income tax purposes, is determined whether an individual has lived in Cyprus for minimum 6 months in the tax year.

Exercises a business and/or is employed by a Cyprus Company and/or holds an office in Cyprus with a tax resident Cyprus Company for the same calendar year.

Our esteemed law firm specializes in offering legal expertise to those seeking non-domiciled (non-dom) status and tax residency in Cyprus.