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On 14 February 2023, the Council of the European Union ("EU") announced that British Virgin Islands ("BVI"), Costa Rica, Marshall Islands and Russia have been added to the list of EU...

On 07 February 2020, a public consultation was opened by the European Commission as part of the fair and simple taxation with regards to the collection and exchange of information ...

The new double taxation agreement (DTA) between Cyprus and Luxembourg, which was signed on May 8, 2017, entered into force on May 21, 2018, following completion of both countries' domestic ratification procedures.

Updates to the EU list of non-cooperative jurisdictions.

On 21 February 2023, the updated list of non-cooperative jurisdictions for tax purposes came into effect with its publication in the Official Journal of the European Union.

Understanding VAT systems in Southeast Europe is essential for companies expanding or operating across borders. Although Serbia and Croatia share historical roots, their Value Added Tax (VAT) regimes differ notably...

Investment migration programs, including Citizenship by Investment (CBI) and Residence by Investment (RBI), have become integral to global economic strategies.

Parliament recently amended the Income Tax Law to bring its provisions on the taxation of income from the use or sale of intangible assets into line with the 'modified nexus' approach.

Exit taxation rules were introduced in Cyprus on 31 December 2019 through Law N. 116(I)/2019, aligning with the EU Anti-Tax Avoidance Directive (ATAD I & II).

On July 29, 2024, the Court of Justice of the European Union (CJEU) upheld the validity of the Council Directive (EU) 2018/822, commonly known as DAC6...

Without a doubt, Global Mobility was the most positive outcome of the pandemic, a new door opened for great opportunities for Remote workers around the world and for companies...

Administration of an estate of a loved one that has passed away is a very delicate matter that needs to be dealt with high proficiency and discretion.

A new amendment to the current Income Tax Law of the Republic of Cyprus has been voted by the Parliament on 21st July 2017.

Cyprus continues to leverage its strategic position as an international service centre in 2026, benefiting from competitive tax advantages and a growing technology sector. However, the influx of foreign companies and workers has created significant housing affordability challenges that threaten social equality. The country must balance economic growth with targeted policy responses to ensure prosperity remains inclusive for local residents.

The Cyprus Tax Department has issued new guidance strengthening due diligence requirements for financial institutions under DAC2/CRS, specifically targeting potential misuse of Citizenship by Investment and Residence by Investment schemes. Financial institutions must now implement enhanced verification procedures to ensure accurate reporting of account holders' tax residency, with immediate application to new clients and a six-month compliance window for existing accounts.

On 22nd December, the Cyprus Parliament approved major tax changes, marking the most significant tax update to the Cyprus tax system in over 20 years.

The UK's non-domicile regime will be abolished in April 2025, prompting potential relocations of high-net-worth individuals. Cyprus offers an attractive alternative with favorable tax benefits and business incentives.