The newly formed Cyprus Government and the House of Representatives reached an informal agreement to resolve the issue of the imposition of a reduced VAT rate of 5% for the
Read More
On 17 January 2023, the Tax Department of Cyprus announced the replacement of the TAXISnet platform and other smaller tax platforms with the new unified tax management system “Tax For
Read More
The global minimum corporate tax rate of 15% has been agreed upon by 136 nations. Following years of intensive work and negotiations to bring the international tax rules into the
Read More
In an interesting interview on the 29 August 2021 with Politis Newspaper, the Minister of Finance Constantinos Petrides announced that Cyprus will soon implement extensive tax reforms. From the interview
Read More
Today, June 1st, 2021, the Republic of Cyprus and the Kingdom of the Netherlands finally signed the double tax treaty for the avoidance of double taxation and prevention of tax
Read More
As part of the Cypriot Government measures to reduce the impact of the COVID 19, in accordance with Law 147 (I) / 2020, tax payers were originally given the right
Read More
Despite the fact that the United Kingdom has its own regulatory authorities such as the Financial Conduct Authority (FCA), the core regulation of the financial industry in the UK is
Read More
On the 1st October 2020 the protocol of the Russian Malta Double Tax Treaty (“DTT”) has been signed. As with the case of Cyprus dividend and interest withholding taxes (“WHT”)
Read More
Σε ανακοίνωση ημερομηνίας 28 Σεπτεμβρίου του 2020 το Τμήμα Φορολογίας προτρέπει το κοινό να είναι ιδιαίτερα προσεχτικό στις συναλλαγές του σε σχέση με την απευθείας απόκτηση μεταχειρισμένων αυτοκινήτων από ιδιωτικές
Read More
On September 4th, 2020, the Cyprus Tax Department has published a clarification in relation to the bilateral agreement between the Republic of Cyprus and the United States. The bilateral Competent
Read More