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On 27 February 2020, the EU Council published a new Directive (2020/262) laying down the general rules for excise duties.

Cyprus companies now operate in an environment aligned with EU and OECD norms, meaning investors can transact with confidence.

Cyprus cut the Special Contribution for Defence on dividends from 17% to 5%. That figure has travelled a long way since the reform was published, usually without the sentence that belongs after it. The reform did not sweep the old rate away. It preserved it for old profits and attached dates to the preservation.

The term 'undocumented account' as defined in the relevant legislation on CRS refers only to pre-existing accounts.

This means that any rulings issued previously on IGFTs are, unless challenged in Court, to be considered as no longer binding.

UK expats who have lived abroad for many years often remain UK-domiciled and therefore liable to UK Inheritance Tax (IHT).

Mandatory disclosure rules are not something new for European Member States ("EU MS").

As of 2024, Cyprus has introduced several significant tax developments that reflect its ongoing commitment to align with international tax standards and enhance its competitive position as a hub for international business.

In continuation of our article issued in October 2022, the Cyprus tax authorities released last summer a detailed Tax Circular, currently only available in the Greek language...

n July 2020 an amending Protocol to the DTT between the Swiss Confederation and the Republic of Cyprus was signed and has since been going through the ratification procedures of the two countries.

On the 9th July 2015, Cyprus Parliament passed number of new laws, which purport to make Cyprus a more attractive investment destination.

Tax Webcast - 08 April 2016

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.

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.

It's never too late to improve your quality of life and you can find all the quality you need by relocating to Cyprus.

Cyprus has established itself as a favorable jurisdiction for international trusts, offering a robust legal framework, including benefits such as, tax efficiency, and high levels of asset protection.

In a meeting that took place on 2/5/2023, the Council of Ministers approved a Decree based on which the VAT Act is amended, for the zero rate to be imposed on supplies of certain basic. consumer goods