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Recent developments in Cyprus have underlined the need for businesses to have real substance in order to operate there and benefit from Cyprus tax residence.

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.

On October 30, 2024, UK Chancellor Rachel Reeves introduced a budget that brings substantial changes to the taxation of high-net-worth individuals (HNWIs).

Cyprus has become a destination of choice for High-Net-Worth Individuals (HNWIs) and family offices due to several reasons, including a highly favourable tax system...

Recent developments have underlined the need for businesses to have real substance in order to operate and benefit from tax residence in Cyprus.

On June 24, 2020, the European Union (EU) Council agreed to the EU parliament's proposal to extend by 6 months the deadline for filing and exchanging information under the DAC6 mandatory...

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...

On March 17, 2015, Cyprus signed a new double taxation agreement with Bahrain. Like all of Cyprus's recent DTAs, it closely follows the 2010 OECD Model Tax Convention.

The Cyprus tax authority (CTA) opened on 14 November 2017 a public consultation on Cyprus' transposition into national law of the two EU Directives on anti-tax avoidance (ATAD1 & ATAD2).

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

As cross-border e-commerce expands across the EU, businesses encounter increasingly complex VAT reporting duties.

The Court's judgement in the Danish Beneficial Ownership cases will definitely bring innovations in international taxation.

On 6 October 2020 the ECOFIN Council updated the EU list of third country non-cooperative jurisdictions for tax purposes (commonly referred to as the EU 'blacklist')...

The new proposals take into consideration best practices from other European countries and aim to establish Cyprus as a Sustainable Business and Trade center of the broader Middle Eastern region and Europe.

Cyprus is the third largest island in the Mediterranean Sea and located towards the East, internationally known for its sunny climate, crystal clear waters...

On 3 February 2021, the Cypriot Tax Department issued an announcement which provides for an extension of the deadlines for the submission of information on reportable cross-border tax arrangements under the EU Directive ...

The Cyprus Parliament on 30th of June 2022 has voted the new transfer pricing law and regulations which establish transfer pricing documentation requirements for Companies...

When property interests are given away during life or at death, taxes are imposed on their transfer, as per Cyprus's tax law. Such taxes are known as estate and gift taxes.