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An amendment published in Cyprus' official Gazette on 20 August 2020 makes the following main changes to the Cyprus VAT law.

In Cyprus, trusts are governed by a specific legal framework which constitutes a combination of English and Cyprus law

On the 8th of September 2020, officials representing the Republic of Cyprus and the Russian Federation concluded to a Protocol amending the Double Tax Treaty ("DTT") between the two countries.

This paragraph discusses the most important tax implications of the direct purchase of real estate.

The Tax Department of Cyprus issued a Circular (1/2022) on the 1st of February 2022, through which it clarifies the tax treatment of the tax residency of a physical person in Cyprus based on the 60-days rule.

The Cypriot Ministry of Finance (MoF) submitted to Parliament two bills for amending the tax legislation, with the purpose of strengthening the Cyprus tax framework for the prevention of tax abuse, tax evasion and tax avoidance.

The UK's exit from the EU at the end of March 2019 changes the world balance within both political and economic systems.

Cyprus companies are approaching their first year-end under the 15% corporate income tax rate. For companies within the ordinary provisional-tax timetable, the second instalment falls due on 31 December 2026, also the deadline for revising the year's estimate. Companies that first become chargeable on income later in the year need to consider the special timing rule as well.

According to the Cyprus Income Tax Law, Cyprus companies have the obligation to submit a temporary tax assessment / estimation of their 2017 chargeable income

Cyprus Notional Tax Deduction (NID) is a deduction against taxable profit calculated by applying a "reference interest rate" to new equity injected into companies and used by companies for the performance of its activities under certain conditions and constraints.

With less than six months to go until the day Britain officially leaves the EU, now is the time for UK nationals who wish to live in Cyprus, to ensure that they are registered...

Cyprus has taken a significant step towards reshaping its tax landscape. During a key event at the Presidential Palace, the President of Cyprus introduced a series of proposed reforms aimed at creating a fairer tax system.

Greets from Cyprus where the summer is already upon us reaching 33+ degrees Celsius. Whilst we cool ourselves with chilled watermelon accompanied by grilled halloumi cheese, the beaches are already packed with locals, tourists, ex-pats and … non-doms.

Following a recent Tax Law Amendment, on 8 June 2018, the Cyprus Tax Authorities have announced via a publication in the Government Gazette the extension of the deadline for electronic submission of income tax return ...

With interest rates increasing in the last couple of years, tax on interest earned on deposits has become more relevant to depositors than before when the interest...

Before examining the tax regimes that apply to individual clients in Cyprus, it is important to draw a distinction between residents and non-residents in Cyprus, as well as between persons who are domiciled in the Republic and those who are not.

The House of Representatives passed the amending bill concerning applications for the reduced VAT rate of 5% on the construction or acquisition of brand-new properties to be used as primary ...