Following the decision of the Council of Ministers, the Tax Department announced today, 30 October 2024, that the deadline to submit personal income tax declarations for the year 2023 and
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Morningstar DBRS recently upgraded Cyprus’ long-term credit rating to positive, citing budget surpluses of 2.7% of GDP in 2022 and 3.1% in 2023, following pandemic deficits. In accordance with the
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Cyprus has outperformed its EU peers in managing public debt, achieving a significant reduction in its gross government debt-to-GDP ratio. By the end of the second quarter of 2024, Cyprus’
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On October 8, 2024, the Council of the European Union updated its list of non-cooperative jurisdictions for tax purposes, which now includes 11 countries, namely; The listed countries either do
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The Parliamentary Committee on Energy, Trade, Industry and Tourism of the Cyprus House of Representatives decided on 8 October 2024 to delete all fines imposed for failing to submit the
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On 25 September 2024, The Department of the Registrar of Companies and Intellectual Property announced that all companies established or registered under the Companies Law, Cap. 113, all European Public
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In March 2024, the Cyprus House of Representatives passed the Companies Law (Amending Law) (No. 3) of 2024 (Law 26(I)/2024), a significant update to the Cyprus Companies Law (Cap. 113).
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The European Central Bank (ECB) has reduced interest rates for the second time since June. The deposit rate, which is the ECB’s primary tool, was lowered from 3.75% to 3.5%,
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According to the European Union’s Statistics Service (Eurostat) data published recently, Cyprus recorded the third-highest annual growth rate in the EU for the second quarter of 2024. Based on seasonally
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On 16 July 2024, the Department of the Registrar of Companies and Intellectual Property announced that in cases of change of officers/partners in a company/cooperative, the responsibility to carry out
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