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After approval by the Council of Ministers at its September 28 2016 meeting, Cyprus signed the Organisation for Economic Cooperation and Development's Multilateral Competent Authority Agreement...

The Process of Adjustment of Tax Arrears Law 2017 establishes a procedure for settling tax arrears by monthly instalments (for further information please see "New law for payment of tax arrears by instalments").

One of the reason for this situation is the ongoing support of government policy to establish Cyprus as one of the main financial hub in this global economy.

The Albanian Council of Ministers proposed a draft law to the Albanian Parliament, which introduces several changes to the income tax. The draft law was approved by the Albanian Parliament...

Cyprus is intent on meeting its obligations regarding information exchange and transparency, and has recently passed a new law (Law 72(I) of 2008) amending the Assessment and Collection of Taxes Law to incorporate the exchange of information provisions of Article 26 of the OECD Model Tax Convention of 2005 in double taxation agreements which have been concluded between Cyprus and other jurisdictions.

The Law Firm of G. Vrikis & Associates LLC would like to bring to your attention the recent change in the procedure of attaching stamp duties based on their value.

Cyprus finance structures are widely used for Russian operations.

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

The Cyprus Tax Department informs that the deadline for submission for local CbCR reporting due to the secondary filing mechanism for the year 2020 is the 31st of January 2022 instead of the 31st of December 2021.

Finally, after what seems to have been quite a delay, on June 1, 2021, the Republic of Cyprus and the Kingdom of the Netherlands signed the treaty on the Elimination of Double Taxation.

After more than two decades, Cyprus has introduced a comprehensive reform of its tax framework. As of 1 January 2026, significant changes apply to both individuals and legal entities...

Cyprus and the United Kingdom signed an updated double tax treaty with respect to Taxes on Income and Capital Gains and the Prevention of Tax Evasion and Avoidance on Thursday, the 23rd of March 2018.

On 9 March 2016, Cyprus signed its first tax treaty with the Kingdom of Bahrain. Following the completion of the relevant ratification procedures, the tax treaty entered into force on 26 April 2016.

On 5 March 2021 Cyprus ratified the amending Protocol to the Double Tax Treaty (DTT) between the Republic of Cyprus and the Federal Republic of Germany signed on 19 February 2021.

In practice, Transfer Pricing is the Tax Law application of the arm's length principle, applied for determining a reliable and fair allocation and taxation of profits within multinational enterprises.

Cyprus has approved a far-reaching tax reform, marking the most significant overhaul of its tax framework in more than 20 years.

The European Union (EU) is actively involved in developing proposals to address perceived inappropriate tax avoidance, i.e. Base Erosion and Profit Shifting (BEPS).