The VAT Law has been amended to provide for the reduced rate of VAT of 9 per cent to apply to non-exempt supplies provided by nursing homes.

The VAT Law has been amended to explicitly bring the transfer of the effective right to dispose of immovable property within the scope of VAT.

The Taxation Department (the ‘Department') has recently informed the Cyprus International Businesses Association that it expects its new electronic taxation service to be operational within days.

On 3 January 2018 Cyprus and Saudi Arabia signed an agreement for the avoidance of double taxation with respect to taxes on income and for the prevention of tax evasion.

The Cyprus Tax Department has extended both the submission of the Personal Income Tax (Form T.D.1) for the tax year 2023 as well as the settlement of any liability that may arise until 31 October 2024.

The Assessment and Collection of Taxes Law (Law 4 of 1978) and the Income Tax Law (Law 118(I) of 2002) have been amended to allow the publication of appeals rulings by the independent tax tribunal.

The April edition of the GB Cyprus Business Association e-paper features an article co-authored by Lawyer Trainee, Iosifina Koutsonikola and Senior Associate, Ramona Livera.

As technological advancements rapidly impact the legal industry, Michael Ioannou, Chief Information Officer of Elias Neocleous & Co LLC...

The landscape of AI and cybersecurity is rapidly evolving, with new regulations that promise to reshape the way businesses operate. These regulations are designed to protect individual rights

A recent article co-authored by Costas Stamatiou, Partner at Elias Neocleous & Co LLC, together with Senior Associates Vassilis Psyrras and Andreas Christofides.

The Cyprus Deputy Ministry of Shipping (DMS) has announced that, in accordance with Regulation V/4 of The International Convention on Standards of Training, Certification and Watchkeeping...

The Department of Merchant Shipping recently issued a circular to owners, bareboat charterers, managers and representatives of ships flying the Cyprus flag informing them of proposed implementation...

The deadline for multinational enterprise groups with a consolidated annual turnover exceeding EUR 750 million to submit country by country reports for 2016 was 20 October 2017.

The Cyprus Securities and Exchange Commission has issued a circular (C224 dated 14 July 2017) to Cyprus Investment Firms, administrative service providers, Undertakings for Collective Investment in Transferable Securities, UCITS management companies and Alternative Investment Funds and their managers that it regulates.

Law 169(I) of 2017 and Law 170 (1) of 2017, which took effect on 1 December 2017, amend the Business of Credit Institutions Laws of 1997 to 2017 ...

On 24 May the Central Bank of Cyprus released its latest statistics on Cyprus-based investment funds, produced on the basis of the revised European System of Accounts 2010, giving information as at 31 March 2018.

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 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.

As the tenth anniversary of Cyprus's adoption of the euro as its national currency on 1 January 2008 approaches, the Central Bank of Cyprus has issued a reminder on its website that the period for the exchange of...