On May 2, 2023, the Cyprus Council of Ministers (Cabinet) approved a Decree to amend the VAT legislation to apply zero (0%) per cent VAT rate on certain consumer goods
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Once again, the Cyprus Government revised the criteria regarding the expedited process of granting an immigration permit to applicants who are nationals of third countries and invest in Cyprus. The
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In connection to our article “Cyprus Changing its Regime on Reduced VAT for First Homes: an Update” published on 28 March 2023, regarding the reduced VAT regime legislation changes, the
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In its report published on 29 March 2023, the rating agency Moody’s maintained a stable outlook on Cyprus’ Banking System. According to the report, Cyprus’ bank creditworthiness will remain stable
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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
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On 16 March 2023, the Civil Registry and Migration Department of Cyprus announced that the use of the electronic platform for appointment arrangement at the Civil Registry and Migration Department
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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
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On 14 February 2023, the Council of the European Union announced its decision to add the British Virgin Islands, Costa Rica, Marshall Islands and Russia to the EU list of
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We would like to remind interested parties that the deadline for the Annual Levy for 2022 for Cypriot companies was extended to 31 December 2022 without the imposition of a
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On 06th December 2022, The Council for Registration of Real Estate Agents announced that new measures will be implemented to provide clarity on the market value of the properties in
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