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Taxpayers are reminded that the submission of personal tax returns for the tax year 2022 will only be made available via the TaxisNet portal once the relevant decision is passed by the Cyprus...

The Department of Merchant Shipping recently issued a notification to owners, bareboat charterers, managers and representatives of Cyprus-flagged and foreign-flagged vessels visiting ports in Cyprus.

YoungShip is an international network of young professionals in the shipping and offshore industries.

The Deputy Ministry of Shipping (DMS) has announced that the email addresses of personnel and departments of the DMS have been changed following its conversion ...

The Nairobi International Convention on the Removal of Wrecks, adopted in Nairobi on 18 May 2007, will enter into force on 14 April 2015, a year after having achieved the requisite number of countries that have ratified the Convention.

The Department of Merchant Shipping recently issued an updated list of countries whose certificates of competency are recognised by Cyprus under the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers 1978, as amended.

The Cyprus DMS has announced that the International Convention for the Control and Management of Ships' Ballast Water and Sediments will enter into force for the Republic of Cyprus on 8 November 2018 pursuant to...

On 17 February 2020, the Shipping Deputy Ministry of Cyprus issued Circular 4/2020 in relation to cyber risk following IMO Resolution MSC.428(98) which recognizes the urgent need to raise awareness on cyber risk threats ...

The Cyprus Department of Merchant Shipping has issued a circular (26/2012) reminding operators, representatives and masters of foreign vessels calling at Cyprus ports of their obligations under the Merchant Shipping (Community Vessel Traffic Monitoring and Information System) Law of 2004 as amended and the Merchant Shipping (Port State Control) Law of 2011.

The International Convention on Civil Liability for Bunker Oil Pollution Damage 2001 was ratified by the Republic of Cyprus in 2004.

The Department of Merchant Shipping (DMS) has announced that Commission Directive (EU) 2015/559 of April 9, 2015, amending Council Directive 96/98/EC on marine equipment, has been transposed into Cyprus law...

The ESMA guidelines set out the principles to be followed when presenting APMs in regulated information or prospectuses, in order to ensure consistency and promote the usefulness and transparency of APMs.

The Capital Gains Tax (Amendment) (2) Law of 20161 has been implemented with immediate effect.

In November 2011 the Cyprus Parliament enacted a law allowing a partial write-off of interest and penalties on overdue tax.

Circular 2016/15, which was issued by the Tax Department on November 24 2016, clarifies the application of Article 33 of the Income Tax Law 2002 following the amendments made by Law 187(I)/2015.

The original article 33 only allowed the tax authorities to make an upward adjustment to the taxable profit of an enterprise in order to tax a profit that should have accrued to the enterprise on an arm's length basis.

The Cyprus Securities and Exchange Commission ('CySEC') has issued a circular clarifying the effect of recent amendments to article 62 of the Prevention and Suppression of Money Laundering...