In Cyprus, a company is required to register for VAT (Value Added Tax) with the tax authorities when its taxable turnover exceeds or is expected to exceed €15,600 within a 12-month period.

Finally, after 12 years since 2011, the €350 annual levy fee is being abolished on all Cypriot companies. The decision was made on February 21, 2024.

The scheme will also apply to the current employees provided that they were resident abroad for 12 consecutive years prior to the commencement of their employment in Cyprus.

In Cyprus, there are two key residency rules that determine an individual's tax residency status: the 183-day rule and the 60-day rule.

When choosing a Cyprus accountant and auditor to handle your company's financial matters, there are several key factors to consider:

On 7 February 2020, the Health Insurance Organization ("HIO") in exercising the powers conferred to it by the General Health System Legislation ("The Law") has issued instructions in relation to refunds on GHS Contributions.

The EU's One-Stop Shop (OSS) is a simplified VAT reporting and payment system for businesses involved in cross-border e-commerce transactions within the EU.

When comparing company registration and tax implications between Cyprus and Dubai, there are several factors to consider.

Both Cyprus and Malta are popular choices for company registration due to their favourable tax regimes and business-friendly environments. Here is a comparison of company registration...

The General Data Protection Regulation (GDPR) is crucial for your Cyprus company due to the following reasons...

When issuing invoices for both EU and non-EU transactions, there are specific VAT rules that your Cyprus company needs to be aware of to ensure compliance.

Following the issuance of a Decree by the Council of Ministers, the VAT Act was amended so that the zero VAT

Cyprus has an extensive network of double tax treaties with various countries, which can help in reducing or eliminating double taxation. Take advantage of these treaties to minimize your tax liabilities.

The UK government has announced the abolishment of the long-standing non-dom tax regime starting April 2025. This change could significantly impact high-net-worth individuals who have benefited from non-dom status to minimize UK taxes on foreign income.

Cyprus is not typically considered a traditional tax haven jurisdiction for several reasons...

When thinking about registering a company in Cyprus, there are several important factors to consider. Here are some key points to keep in mind:

The new IP regime (known also as a patent box, innovation box or IP box) is fully compliant with international developments relating to the tax treatment of IP income and recommendations...

The Tax Office informs that from 27 May, 2024, the submission of the Official Declaration (OD) required in Paragraph 3 of Table C of Schedule Five...

On 9 April 2020, the Cyprus Customs Authorities issued Circular EE – «Μ» (67) relating to the European Commission's decision authorizing EU Member States to provide relief from import duties and a VAT exemption on imports of goods needed to combat the effects of COVID-19.

Are you an EU or EEA resident seeking to work and live in Cyprus? if yes you will need to apply for the yellow slip. Commonly referred to as the Cyprus Residence Permit or Yellow Slip...