On the 8th of September 2020, officials representing the Republic of Cyprus and the Russian Federation concluded to a Protocol amending the Double Tax Treaty ("DTT") between the two countries.

Data protection rules (such as the GDPR) do not hinder measures taken in the fight against the coronavirus pandemic.

On the 13th of November 2017, the Cyprus House of Representatives voted a new law amending the Cyprus VAT Law N.95(I)/2000 (hereby referred to as VAT Law), which introduces VAT ...

Since 2004, Cyprus is a full Member State of the European Union. This fact, along with its good strategic location, highly skilled human capital, excellent infrastructure, reliable communications...

Cyprus companies must update addresses and confirm beneficial owners by Dec 31, 2025, to avoid fines and deregistration risks.

As from 31/12/2022, an important development applies as to the residency of Cyprus companies and in effect their taxation under Cyprus tax laws.

On the 26th of August 2021, the Ministry of Labor, Welfare, and Social Insurance announced that as from the 13th of September 2021 the "ERGANI" Information System will enter into force.

The beneficial ownership of the income concept ("the Concept") is nowadays a material aspect affecting the eligibility of the taxpayers to claim treaty benefits.

With the introduction of the new Cyprus tax legislation on Royalties in May 2012, Cyprus has become a major player in the field of IP Holding Companies.

The EU in an effort to promote fair tax competition and address harmful tax practices on 14 February 2023 decided to add British Virgin Islands, Costa Rica, Marshall Islands and Russia to the EU...

The world of international trade has always been accompanied by risk. Yet few events can disrupt a business as quickly as a geopolitical crisis beyond anyone's control.

In an effort to keep up with modernization and the constant changes in the working environment, Cyprus has transposed the provisions of the EU Directive 2019/1152 of the European Parliament...

Due to the fact that Cyprus is part of the EU and is very strategically located at the crossroads of 3 continents, the Immigration permit for Investors in line with the provisions of Regulation 6(2)...

The Common Reporting Standard (CRS) has been initiated by the Organization for Economic Cooperation and Development (OECD) aiming at improving international tax compliance and preventing tax evasion, through the automatic exchange of information between the countries that implement CRS.

Following the successful implementation of the Yacht Leasing Scheme, the Cyprus VAT Department has recently introduced an Aircraft Leasing VAT Scheme.

A major change is expected to incur by the end of 2020 in the tax environment at an international level, since the new tax rules on digital economy will be finalised.

The VAT E-commerce Package adopted by the Council on the 5th of December 2017 includes several changes that will be gradually implemented, some changes will be effective as from the 1st of January 2019 and the rest as from the 1st of January 2021.

In September 2025, the Department of the Registrar of Companies and Intellectual Property (the "DRCIP") issued two important announcements outlining new obligations for companies and partnerships in Cyprus.

Over recent years, the alternative investment funds ("AIFs") market in the European Union has experienced significant growth. Due to this growth, and while the objective of safeguarding investor protection has been achieved at large, the need for further regulatory improvements to the framework governing alternative investment fund managers ("AIFMs") was present.

In this study we shall try to identify how the income of trusts is taxed in Cyprus, having in mind its idiomorphic concept as to the dual separation of the ownership of the trust property, to legal and beneficial.