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In July 2015, the Cyprus Government submitted a number of draft laws to parliament to implement the new provisions of the EU Parent-Subsidiary Directive, to simplify the tax regime and make it more attractive...

An individual who is tax resident in the Republic of Cyprus (the Republic), is taxed on income accruing or arising from sources both within and outside the Republic.

The private aircraft leasing scheme aims in offering tax incentives as well as VAT savings to proposed investors (the "Scheme").

Cyprus corporate tax changed materially on 1 January 2026. The headline change is the corporate tax rate, which rose from 12.5% to 15%. But the reform package went further, touching loss carry-forward..

Headquartering your business and relocating to Cyprus is now easier than ever before. Due to numerous regulatory reforms taken place recently, foreign companies can now be established...

On March 22, 2018, Cyprus and the United Kingdom signed a new double taxation agreement (DTA). Once it has been ratified by both parties it will replace the current agreement, which dates back to 1974.

Cyprus removed a key barrier to its 60-day tax residency rule in January 2026, allowing applicants to qualify even if another country still claims them as tax resident. The change shifts the resolution of competing residency claims from domestic statute to double tax treaty tie-breaker provisions, fundamentally altering how internationally mobile business owners and executives can establish Cyprus tax residency.

Cyprus has introduced a leasing scheme for yachts, whereby a pleasure yacht may be leased by a Cyprus company, as lessor, to a third party, as lessee, who may be any person or company regardless of country of residence or incorporation

Tax professionals in Cyprus have had plenty of new developments to keep abreast of during 2015, including several new or substantially modified double tax agreements entering into force...

Over the last few years, Cyprus has been characterized by many as the most attractive place in the world to start or carry out international activities.

The Cyprus Parliament has introduced new legislation on Transfer Pricing in an aim to comply with action points 8-10 "Aligning the Transfer Pricing Outcomes with Value Creation" of the...

On 9th of March 2012 the Cyprus Parliament enacted Law 20(I)/2012 by which the Cyprus International Trust Law 69(I)/1992 was amended and modernized taking into account the needs arising from the international economy today.

The Cyprus House of Representatives has recently voted a new law transposing the provisions of the European Union Anti-Tax Avoidance Directive (the "ATAD" or "Directive") into the local legislation.

The Cyprus parliament, the House of Representatives, approved a comprehensive tax reform package on 22 December, which covers corporate income tax, the special defence contribution (SDC), capital gains, personal income tax, real estate and crypto assets, as well as strengthening tax administration and enforcement.

A taxpayer will be subject to corporate tax on an amount equal to the market value of the transferred assets at the time of exit, less their value for tax purposes.

I can not remember when the last time was there were such big developments in the Audit profession in Cyprus, besides of course the regular changes of the IFRs.

Cyprus offers three options for non-EU nationals to acquire residence. Each of these residence routes offer the additional advantage of leading to Cyprus citizenship, as long as the relevant criteria are met.