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Law 39(I) of 2018 amended the VAT Law to make VAT chargeable on the transfer of the effective right to dispose of real estate or immovable property as owner.

Following the extension of tax relief for the disposal of immovable property for the restructuring non-performing loans introduced by Laws 96(I)/2018, 98(I)/2018, 99(I)/2018 and 100(I)/2018,

Our firm proudly sponsored an event organised by the Cyprus Alumni Association of Aristotle University of Thessaloniki.

The Cyprus Securities and Exchange Commission ("CySEC") has announced that it is to establish an Innovation Hub, designed to address and explore the rise of FinTech and RegTech developments.

The Department of Merchant Shipping recently notified all registered owners and operators of ships flying the Cyprus flag and foreign-flagged ships calling at ports in Cyprus...

The Department of Merchant Shipping has published an updated list of approved private ship security contractors in accordance with Section 84 of the Protection of Cyprus Ships Against Acts of Piracy and Other Unlawful Acts Law 2012.

The Department of Merchant Shipping has issued a circular to owners, bareboat charterers, managers and representatives of ships flying the Cyprus flag, advising them of their obligation under the Merchant Shipping (Official Logbooks, Ship's Articles and Annual Lists) Regulations 2001 and 2012 (PI 451/2012) to submit their annual lists of seafarers engaged, discharged and repatriated for the period between January 1 and December 31 2013.

The Council of Ministers has approved the draft legislation concerning the establishment of limited liability shipping companies. Once the draft legislation is adopted by the Cyprus Parliament...

The expiry date for most existing certificates is February 20 2018 and there has been an unprecedented delay in the submission of renewal applications this year.

The Department of Merchant Shipping recently announced that it has amended the form for declaration by a legal representative or auditor of a company adopting the tonnage tax system that the company concerned was tax resident in Cyprus for the relevant year.

Cyprus has made a number of significant changes in its tax laws relating to the participation exemption, interest and mutual funds.

The Cyprus Commissioner for Income Tax has recently clarified his department’s policy on acceptable margin parameters for taxable interest in transactions involving Cyprus resident companies used as intermediary financing vehicles in back-to-back financing arrangements.

Cyprus has signed the Council of Europe-Organisation for Economic Cooperation and Development Convention on Mutual Administrative Assistance in Tax Matters and its Protocol.

According to reports in the Indian media, the Cyprus foreign ministry has confirmed that the Cyprus authorities have informed their Indian counterparts that they are ready to finalise the new double taxation agreement...

The Cyprus Securities and Exchange Commission has issued a circular (number 234 dated 11 September 2017) informing companies which have issued transferable securities admitted ...

CySEC has revised its earlier circular on the effect of recent amendments to article 62 of the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007...

A further step towards implementation of the renegotiated double tax avoidance agreement between Cyprus and India has taken place...

The June issue of "Eurokerdos" magazine included an interview with Maria Kyriacou, head of our Nicosia office and a specialist in intellectual property law.