The outbreak of Covid-19 created a new reality of digital working. Research shows that working from home has increased by almost 30% and it is expected that this figure will increase.

According to the new law passed by the Cyprus Parliament, persons and companies engaged in economic activity have the obligation to accept credit card payments.

The Minister of Finance, exercising the powers conferred to him by the provisions of Article 5 (1) of the Assessment and Collection of Taxes Law, issued a decree...

Τhe Council of Ministers, exercising its powers conveyed to it by the Assessment and Collection of Taxes Law, issued a decree (No.288/2021) exempting natural persons...

On 18 March 2021, the Cypriot Parliament voted for the amendment of the Cypriot Law on Administrative Cooperation in the field of Taxation (‘Law N. 205(I)/2012' or the ‘Law')...

On 25 January 2021, the Tax Department issued Application Guidance No. 07/2021 which relates to tax residency and permanent establishment considerations in the context of the COVID-19 pandemic.

In early September the Cypriot Tax Department issued an announcement informing the public that the bilateral Competent Authority Agreement, "Country-by-Country reporting", between Cyprus and the US is still under negotiation.

Cyprus was the last member of the European Economic Area with which the Netherlands did not yet conclude a double tax treaty.

Τhe Minister of Finance issued a decree (478/2020) extending the deadline for the electronic submission of personal income tax returns and the settlement of the relevant income tax liability for the tax year 2019.

While relocating to Cyprus has been a complicated endeavour for some time, the recent global pandemic has made things more challenging.

On 19 February 2021, Cyprus and Germany signed an amending protocol (the "Protocol") to update the 2011 Cyprus - Germany Income and Capital Tax Treaty (the "DTT").

In his letter to ICPAC, the Commissioner of Taxation explained that the extension is given as a result of the Covid-19 pandemic and of certain ambiguities that exist.

A new legislation has been recently voted, addressing the residency rights of UK nationals in Cyprus after the end of the interim period.

DAC6 constitutes one of the most notable breakthroughs in the field of automatic exchange of information in the last years.

Τhe Ministry of Finance, through the tax department, issued an announcement on 23 July 2021 in which informs the taxpayers that the 2020 personal income tax return (Form T.D.1)...

Signing of the Protocol is a response to COVID19 fiscal challenges and opens a new era in Russia-Cyprus business relationships.

On 26 February 2021, the Cypriot Tax Department (CTD) issued an announcement which provides that no imposition of administrative fines for submission will apply until the 30th of June 2021, ...

Capital Gains Tax ("CGT") is levied at a rate of 20% only with respect to capital nature profits realized upon the disposal of:

On 5 October 2020 the Cypriot Tax Department ("TD") issued Application Guidance No 2 relating to VAT and Income Tax refunds.

The Minister of Finance, exercising the powers conferred to him by the provisions of Article 5 (1) of the Assessment and Collection of Taxes Law, issued a decree, which was published on 30 July 2021,...