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In September 2013 the office of Associate Chief Counsel of the IRS announced that a Cyprus resident holding company qualified for benefits under the US-Cyprus tax treaty.

Section 5 of the Assessment and Collection of Taxes Law requires companies to file their tax return for any year no later than the end of the following year.

In today's fast-changing global market, businesses need to adapt, stay compliant, and protect their assets. That's where Eurofast comes in. With decades of experience and a strong presence in multiple jurisdictions...

In an era where the global economy's assets are valued at staggering figures—over $100 trillion in stock markets, approximately $280 trillion in real estate, and more than $128 trillion in bond markets—

On January 27 2017 Parliament approved a new law which provides for the payment of overdue taxes by monthly instalments.

The Process of Adjustment of Tax Arrears Law 2017 (Law 4(I)/2017) established a procedure for settling tax arrears by monthly instalments, providing a waiver of up to 95% of interest and penalties and covering all nationally imposed taxes...

The Cyprus finance minister and the American ambassador to Cyprus formally signed the intergovernmental agreement between Cyprus and the USA under FATCA.

The Cyprus Tax Department has issued a circular setting out guidance on the new tax residence provisions for individuals introduced by Law No.119(I)/2017.

The EU Economic and Financial Affairs Council, which is made up of the economics and finance ministers of all member states, has approved the EU Commission's recommendations on a unified EU list...

Interpretative Circular 13, issued by the Cyprus Tax Department on November 1 2017, clarifies the treatment of the following additional tax imposed under the Assessment and Collection of Taxes Law(1) for the purposes of calculating the deemed dividend distribution for special defence contribution (SDC) tax.

On the 10th of August there was a meeting in Moscow where there has been an agreement on the Cyprus Russia Double Tax Treaty (DTT)

In the light of the shifting international tax landscape, enhancing economic substance is becoming a key factor in the formulation of a redefined global tax strategy.

In accordance with its agreement with its international lenders, Cyprus has made a number of changes to tax rates.

The Tax Department of Cyprus has issued guidance on the new 60-day rule on tax residence provisions for individuals, which came into effect after the adoption of Law No.119(I)/2017.

The Cyprus Ministry of Finance (the Cyprus MOF) has announced that Cyprus and the Arab Republic of Egypt signed a new double tax treaty (the new DTT) on 8 October 2019.

Cyprus has recently unveiled significant tax policy adjustments that directly impact various income streams. One notable change includes the reduction of the Special Defense...

The Cyprus House of Representatives approved legislation, on 10 April, introducing defensive measures against payments made to entities resident in low-tax jurisdictions...