Due to the successful delivery of its commitments, the ECOFIN Council on 14 June agreed to remove Dominica from the EU list of third country...

The public disclosures, which also cover income tax accrued, revenues, employees and more, must follow a common EU template and be presented in a machine readable electronic format.

On 4 June 2021 the first-time Double Tax Treaty (DTT) between Cyprus and the Netherlands, which was signed on 1 June 2021, was ratified by Cyprus.

On 11 February 2020, the OECD issued the long-awaited final version of the Financial Transactions paper (first issued as a non-consensus document in July 2018).

At the time of the European Commission's proposal the Cyprus tax authorities had already announced that Cyprus is intending to provide for any permissible deferrals.

On 22 February 2021 the ECOFIN Council updated the EU list of third country non-cooperative jurisdictions for tax purposes (commonly referred to as the EU 'blacklist')...

On 4 October 2017, the EU Commission published its proposals for fundamental changes to the EU VAT system and a move further towards a definitive system based on the destination principle...

On 03/11/2017, the House of Parliament voted the long awaited amendment of Cyprus VAT Legislation concerning taxation of building land, in order to align it with the provisions of EU VAT Directive.

Following the issue of previous corresponding Regulations on this matter, and exercising her powers, the Minister of Labour, Welfare and Social Insurance issued on 23rd June 2020...

In a world that is constantly evolving, our aim at PwC Cyprus is to find the right solutions to complex problems, creating value for our clients, stakeholders...

Since the outbreak of the epidemiological crisis, the demand for medical protective equipment has been exacerbated in the last days and is expected to continue increasing significantly in the imminent future.

Cyprus, being a Member State of the European Union (EU), belongs to the Customs Union of the EU. The Customs Union means that all EU Member States...

Cyprus's 2026 tax reform introduces a 10% charge on disguised dividends, targeting previously informal arrangements where shareholders use company assets for private purposes. The charge applies to the full market value of assets like company cars and properties, creating significant tax exposure for owner-managed businesses that were previously operating under unreported arrangements.

On 5 October 2021 the ECOFIN Council updated the EU list of third country ‘non-cooperative jurisdictions for tax purposes' and also updated the EU list of third country ‘cooperative jurisdictions for tax purposes subject to ...

n July 2020 an amending Protocol to the DTT between the Swiss Confederation and the Republic of Cyprus was signed and has since been going through the ratification procedures of the two countries.

On 27 February 2020, the EU Council published a new Directive (2020/262) laying down the general rules for excise duties.

The coronavirus (COVID-19), and the measures taken by the governments to avoid the spreading of the virus, have already affected many businesses worldwide, including Cyprus.

On 13 March 2018, the ECOFIN Council, composed of the EU-28 Finance Ministers, reached political agreement on a Council Directive amending Directive 2011/16/EU on administrative cooperation in the field of taxation ...

A company is tax resident of Cyprus if it is managed and controlled in Cyprus. As from 2023, a Cyprus incorporated company will by default be considered a tax resident of Cyprus provided it is not tax resident in any other jurisdiction.

Please note that the deadlines stipulated below may be revised. Taxpayers are recommended to monitor developments.