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I am delighted to present the first issue of our "Cyprus Tax Headlines", a brief free-of-charge summary of selected tax developments in Cyprus and abroad that may have implications for Cyprus holding and finance structures.

In recent years, Cyprus has emerged as a highly favourable jurisdiction for family offices seeking a secure, tax-efficient, and flexible environment for managing and preserving family wealth.

The Council of Ministers, at its meeting on 29 October 2025, approved a series of legislative proposals forming part of Cyprus's 2025 Tax Reform.

The Lawyer, a leading weekly British magazine for commercial lawyers and in-house counsel, recently published an analysis of the current state of the Cyprus legal services sector and of its prospects...

ATCA made it extremely difficult for US citizens to open offshore bank accounts and this is applied to all, who hold a US passport (even if they lived abroad) are liable for tax in the US as well as US non-citizen who are tax residents in the US.

The Indian Income Tax Appellate Tribunal confirmed that the wording of the agreement concerning taxing rights in relation to international shipping activities is unambiguous.

Like other EU member states, Cyprus is required to enact legislation to implement the EU's Anti-Tax Avoidance Directives.

On April 1 2015 Cyprus and South Africa signed a protocol amending their existing double tax agreement, which was signed in 1997 and has been in force since December 8 1998.

Cyprus holding companies are widely used in the context of international business structuring to optimise the channelling of inbound and outbound investments with countries that have signed a double tax treaty with Cyprus.

Cyprus transposed the EU Parent-Subsidiary Directive into domestic legislation when it updated its tax laws in preparation for EU membership in 2004.

As global mobility increases, individuals and families are exploring new opportunities to relocate, supported by a range of attractive residence schemes worldwide.

As of the 1st of July 2016, a new Intellectual Property (IP) tax regime is applicable in Cyprus. The Cyprus IP tax legislation is now fully OECD compliant and it was actually amended as per the

On 21st of December 2021, two amending laws were published in the Official Gazette for the prevention of tax abuse and will be in force from 31st of December 2022.

On 17 July 2020, an amending Income Tax Law (ITL) was voted by Parliament with respect to the tax treatment of intangible assets.

Interest rates have seen a notable increase in recent years, leading to a renewed focus on the tax implications of interest income.

The Republic of Cyprus, following its commitment to initialise rules to prevent and identify money laundering, has introduced an amendment to the requirement of registration of trusts.

Eurofast Accounting Team in Cyprus is delighted to bring you the latest insights from the Cyprus Tax Authorities. On the 20th of October 2023, the Tax Department issued Circular 9/2023,