On February 7, 2024, following the meeting of the Council of Ministers of Cyprus, the Minister of Finance Mr. Makis Keravnos announced that the Council of Ministers approved the revision
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On February 20, 2024, the European Council announced the removal of the Bahamas, Belize, Seychelles, and Turks and Caicos Islands from the EU list of non-cooperative jurisdictions (the EU Black
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On February 15, 2024, at the training day of the Pancypriot Association of Land and Building, the Minister of the Interior Mr. Konstantinos Ioannou announced the new procedures for issuing property
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On February 21, 2024, despite previous opposition from the Ministry of Finance, the Cyprus Cabinet decided to abolish the annual company levy of €350 imposed on Cyprus companies. The Ministry
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In February 2021, the House of Representatives of Cyprus passed a law (Law 12(I)/2021) levying a 0.4% tax on all sales of immovable property whereby the proceeds would go towards
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On December 11, 2023, the Ministry of Finance of Cyprus announced the signing of a new double tax treaty and its protocol with respect to taxes on income and the
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As of 20 November 2023, the one-stop-shop shipping centre at the Deputy Ministry of Shipping in Limassol started its operations as a first step for matters related to the services
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On November 3, 2023, international rating agency Fitch announced that they upgraded the credit ratings of Hellenic Bank Public Company Limited and Bank of Cyprus Public Company Limited. Accordingly, Hellenic
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The Association of Cyprus Banks and the Association of Credit Acquisition Companies and Credit Facilities Managers (SEDP) have announced that they will extend the foreclosure freeze for primary residences with
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On October 17, 2023, the European Council resolved to add Antigua and Barbuda, Belize and Seychelles to the EU list of non-cooperative jurisdictions for tax purposes. In addition, at the
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