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

Elias Neocleous & Co LLC is proud to have contributed the Cyprus content of a new publication, the ‘‘Taxation of cross-border investments in and from CEE countries 2021".

The launch of the TFA platform will commence (stage 1) on the 27 March 2023. As of then all tax obligations relating to VAT will be processed through the TFA platform exclusively.

The Ministry of Finance has announced that, on the 17th of December 2021 in Nicosia, an Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes...

The Cyprus IP Box Tax Scheme enables Cyprus Companies to a total tax of 3%. Before applying you must listen to these tips!!

Following its approval on 4 July by Verkhovna Rada, the Ukrainian parliament, the law on ratification of the Convention between the Government of Ukraine and the Government of the Republic of Cyprus for the Avoidance of Double Taxation and Prevention of Fiscal Evasion with Respect to Taxes on Income and the Protocol was signed by the President of Ukraine on 23 July.

A delegation from Cyprus visited India towards the end of November 2013 in order to resolve the issues that had led to the Indian tax authorities' decision to designate Cyprus as a "notified jurisdictional area" (see our news item dated 12 November 2013).

https://www.cyprusaccountants.com.cy/ Live recording session with our network colleagues about the reasons businesses, entrepreneurs and investors relocate to Cyprus and why it is a very good service line for our business.

On 2 October 2018 the committee of European Union finance ministers agreed to remove the Pacific island of Palau from the EU list of non-cooperative tax jurisdictions not meeting required standards of transparency and good practice.

Formal removal from the blacklist removes any doubts regarding the entitlement of Cyprus-resident companies to certain deductions and concessions contained in Spanish tax regulations...

The double tax agreement between Cyprus and Lithuania, which was signed in June 2013, is now in force and will take effect from 1 January 2015.

According to reports in the Indian media, the Cyprus and Indian governments have exchanged notifications that their respective internal procedures for the entry into force of the new double tax agreement...

The Spanish government has announced that the double tax agreement between Cyprus and Spain will enter into force on 28 May 2014.

The planned re-basing of immovable property tax onto current values has been deferred, and for 2014 the tax will continue to be based on 1980 values.

The Cyprus Tax Department has issued a further reminder that with effect from 1 June 2018 both interim and final payments of Special Defence Contribution, commonly known as SDC tax...

The OECD Global Forum on Transparency and Exchange of Information for Tax Purposes carries out in-depth peer reviews of 100 major jurisdictions to evaluate whether their national laws allow transparency and international exchange of tax information, and to make recommendations on how the jurisdictions should address any concerns identified during the review.

Mr. Andreas Neocleous analysed the three basic pillars upon which the Ministry of Interior has relied for the proposed new legislation regarding property taxation.

The Cyprus Tax Department has announced that payments of VAT and of instalments under the Process of Adjustment of Tax Arrears Law of 2017 can now be paid via Internet banking.

The Cyprus Tax Department has announced that the Internet portal for applications for settlement of arrears of taxes under the Process of Adjustment of Tax Arrears Law of 2017 will be available from 1 August 2017.

Cyprus and Guernsey have signed a comprehensive double taxation agreement.