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In 2021, Cyprus introduced a new property tax, but due to a mistake in the legislative process, it didn't come into effect until 2022.

On Thursday, 30 June 2022 the Cyprus Parliament passed a law introducing detailed transfer pricing legislation, marking a new era in company taxation, with effect from 1 January 2022.

The popularity of the Multilateral Instrument Convention (MLI) is on the rise but few have understood and even less have seen its effect which has been argued to be a milestone in the history

It is probable that, while you are reading this article, Cyprus is already the latest European country to introduce transfer pricing legislation in its income tax law with effect

The Cyprus Tax Department has issued new guidance extending the examination period for pending VAT declarations and clarifying transitional provisions for the reduced 5% VAT rate on primary residence acquisitions and construction. Key deadlines and eligibility criteria have been established for properties with planning permits issued or applied for by October 31, 2023.

Our 5 minute tax update webcasts are broadcasted monthly and provide a brief summary of local and international tax events impacting Cyprus.

Greece has introduced a new legal framework designed to strengthen its capital market and promote entrepreneurship. Law 5193/2025, titled "Enhancing the Capital Market...

Eurofast would like to inform you that an additional extension of the deadline until November 30th, 2021 has been given by the Tax Department, as regards mandatory automatic exchange...

We would like to remind you that 31st December 2018 is the submission deadline for the following Country-by-Country ("CbC") Reporting obligations in Cyprus:

There are two possible ways to own or control an assets.

The coronavirus (COVID-19), and the measures taken by the governments to avoid the spreading of the virus, have already affected many businesses worldwide, including Cyprus.

The Covid-19 crisis has not only led to serious implications for human lives, it is significantly impacting businesses and economies.

Cyprus is a common law jurisdiction, which affords legal certainty and clarity.

In the context of achieving the objectives of the European Green Deal, the Ministry of Finance proposed two new bills which might come into effect as early as April 2024.

Companies owning any type of intangible assets, such as patents, intellectual property rights and trademarks are often in need of an IP Holding vehicle through which they will hold these assets, license them for the generation of royalty income and conduct their business activities.

On 26 July 2021, the Economic and Financial Affairs Council (ECOFIN) approved Cyprus' National Recovery and Resilience Plan (RRP).

In Cyprus Transfer Pricing rules are regulated by the circular issued on 30 June 2017 by the Cyprus Tax Authorities (CTA) (the "Circular") revising the transfer pricing framework for companies ...