ArticleFinal Date For Submission Of Tax Returns By CompaniesTaxpayers are urged to do so without delay so as to avoid any last-minute rush. CyprusWealth ManagementElias Neocleous & Co LLC
ArticleImpending Deadline For Submission Of 2016 Tax ReturnsThe Cyprus Tax Department has issued a reminder that self-employed individuals with an annual turnover of less than EUR 70,000 are required to submit their tax return for 2016 via... CyprusWealth ManagementElias Neocleous & Co LLC
ArticleIn Good CompanyGold magazine regularly features an analysis of how Cyprus's leading businesses compete in the race to attract, retain and develop talented individuals and turn them into effective teams.CyprusWealth ManagementElias Neocleous & Co LLC
ArticleNew Arrangements For Payment Of Tax Deducted Under PAYEThe Cyprus Tax Department has announced that with effect from 1 March 2018 monthly payments of tax deducted by employers from employees' remuneration under PAYE must be made ...CyprusWealth ManagementElias Neocleous & Co LLC
ArticlePayment Of Second Instalment Of Provisional Tax For 2016Until that date payment may be made online or at District Tax Collection Offices, unless the income estimate has been revised, in which case payment must be made at the tax officeCyprusWealth ManagementElias Neocleous & Co LLC
ArticlePublic Consultation On Proposed Legislation To Implement The EU Anti-Tax Avoidance DirectiveThe Cyprus Tax Department has opened a public consultation on proposed legislation to implement EU Directive 2016/1164, the Anti-tax Avoidance Directive, as amended by Directive E2017/952...CyprusWealth ManagementElias Neocleous & Co LLC
ArticleRandom Inspection Of Vessels Operating In Coastal WatersThe Department of Merchant Shipping recently notified owners and operators of small ferries and passenger boats operating in coastal waters of its intention to carry out an intensive programme...CyprusWealth ManagementElias Neocleous & Co LLC
ArticleRatification Of The 2014 Protocol To The Forced Labour Convention, 1930Law 27(III) of 2016, which was published in the government gazette on 9 December 2016, ratifies the Protocol of 2014 to the International Labour Office Forced Labour Convention, 1930.CyprusWealth ManagementElias Neocleous & Co LLC
ArticleRegistrar Of Companies Announces New Campaign On Registered Office AddressesAs part of its efforts to ensure the integrity of the companies register the Department of Registrar of Companies and Official Receiver has issued an announcement requesting all registered companies to check and if necessary update the registered office address registered with the Department no later than 31 March, 2017.CyprusWealth ManagementElias Neocleous & Co LLC
ArticleResults Of The Cyprus Securities And Exchange Commission's Annual Compliance Review For 2016The CySEC has announced the results of its latest annual assessment of regulated entities' compliance with their anti-money laundering obligations under the Prevention and Suppression of Money Laundering and...CyprusWealth ManagementElias Neocleous & Co LLC
ArticleThe European Securities And Markets Authority (ESMA), The EU's Securities Markets Regulator, Has Issued A Public Statement Recommending Coordination Of Supervisory Action With Regards To Issuers' Accounting For COVID-19-related Rent ConcessionsESMA has recently issued a Public Statement to promote coordinated action by National Competent Authorities in the context of the COVID-19 pandemic in relation to issuers' obligations to publish periodic information ...European UnionCorporate/Commercial LawElias Neocleous & Co LLC
ArticleEuropean Banking Authority Publishes Final Revised Guidelines On Money Laundering And Terrorist Financing Risk FactorsOn 1 March, the European Banking Authority (the ‘EBA') published its final revised Guidelines on Money Laundering (ML) and Terrorist Financing (TF) risk factors. European UnionGovernment, Public SectorElias Neocleous & Co LLC
ArticleA Battle Worth Fighting On Legal GroundsThe Cyprus Mail recently published an article by the Head of our Brussels office, Mr. Nikos Korogiannakis. In his article Mr. Korogiannakis explores the legal and institutional arguments concerningEuropean UnionImmigrationElias Neocleous & Co LLC
ArticleHalloumi: Issues Of Official Registration In The European UnionHaloumi cheese is considered one of the emblematic food products of Cyprus, with exports amounting to 194,3m Euros in 2018. European UnionIntellectual PropertyElias Neocleous & Co LLC
ArticleEU Digital Certificate And The Cyprus Safe Pass – A Step Too Far In Data Collection?The August edition of the Great Britain – Cyprus Business Gazette featured an article contributed by Michael Ioannou, Chief Information Officer and Eleni Victoros, Associate and Data Protection Officer. European UnionPrivacyElias Neocleous & Co LLC
ArticleEU Edges Closer To Its Inaugural Legal Framework For Artificial IntelligenceA recent Phileleftheros article authored by Stefanos Sofroniou, Senior Associate at Elias Neocleous, explores the imminent agreement at EU level of the first ever legal framework...European UnionTechnologyElias Neocleous & Co LLC
ArticleRussian National Removed From EU Sanctions List For First TimeThe General Court of the European Union recently delivered its decision on the appeal of Mr Aleksandr Aleksandrovich Shulgin, a Russian businessman, challenging the EU Commission's renewal of his inclusion in the EU sanctions list due to his role as CEO of Ozon (a leading e-commerce platform in Russia).GlobalInternational LawElias Neocleous & Co LLC
ArticleUkraine Crisis – Sanctions UpdateThe November edition of the Great Britain – Cyprus Business Gazette features an article by Senior Associate, Kyriaki Stinga.GlobalInternational LawElias Neocleous & Co LLC
ArticleRemoval Of Palau From EU List Of Non-Cooperative Tax JurisdictionsOn 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.GlobalTaxElias Neocleous & Co LLC
ArticleUkraine Crisis – Sanctions UpdateThe February edition of the Great Britain – Cyprus Business Magazine features an article by Associate, Katerina Pillakouri. In her article Katerina summarises...UkraineInternational LawElias Neocleous & Co LLC