Recently issued Circular 2016/15 now allows for tax payers to adjust their tax computations by including notional revenue and the corresponding notional expense on transactions...

The Cyprus Parliament voted on 14 October 2016 amendments to the Cyprus Income Tax Law 118(Ι)/2002, as amended, relating to foreign Permanent Establishments (PEs).

The Cyprus Tax Department recently issued Forms T.D 38, T.D 38Qa and T.D 38Qb applicable to individuals being Cyprus tax residents but non-Cyprus domiciled.

The Special Contribution on salaries was abolished as at 1 January 2017.

Greek tax residents can benefit from a reduced tax rate of 2,5% on dividends received from Cyprus.

Currently the Eighth Schedule of the Cyprus VAT Law exempts the supply of land from VAT.

An interesting clarification on VAT provisions relating to the taxable amount of internal supplies was issued in April 2016 by the European Court of Justice...

Value Added Tax (VAT) is Cyprus' single most important source of public revenue, Minister of Finance, Harris Georgiades, revealed in his opening address at the first-of-its-kind Limassol VAT Forum, last week.

Owning a Cyprus company requires a number of tax and other statutory reporting obligations.

The Cyprus Tax Department has published a number of clarifications on the application of Notional Interest Deduction.

A further update will be provided once the details of the regulations are approved by the Parliament.

Cyprus has always been an attractive tourist destination, as well as a great place to relocate and call home.