11
Sep
Amendments to tax treatment of intangible assets
On 17 July 2020, the Income Tax Law was amended with respect to the treatment of intangible assets. The…
read moreSeptember 2020
11
Sep
Anti Tax Avoidance Directive (ATAD) – Hybrid mismathes
On 19 June 2020 the Cyprus Parliament voted into law the remaining provisions of ATAD.
The second measure in addition…
10
Sep
Anti Tax Avoidance Directive (ATAD) – Exit Taxation
On 19 June 2020 the Cyprus Parliament voted into law the remaining provisions of ATAD.
The measures which have been…
10
Sep
Amendments to Notional Interest Deduction (NID)
On 16 June 2020, the NID provisions have been amended as follows:
Reference rate
The reference rate is the yield of…
10
Sep
Tax incentive for reduced rent following COVID-19 outbreak
On 2 June 2020, an amended was voted which provides a tax incentive on rental income for landlords, both…
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10
Sep
Amendments to the Merchant Shipping Law of 2010
On 15 April 2020, the Cyprus Merchant Shipping Law has been amended as follows:
Eligible Ship
The definition of ”Eligible Ship”…
January 2020
19
Jan
Increase of the limit for certain allowances for individuals
Effective from the tax year 2019 onwards, the limit of the allowances provided for in article 14 of the…
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19
Jan
Deemed Dividend Distribution as at 31 December 2019
The Deemed Dividend Distribution provisions apply to the profits of Cypriot tax resident companies that are attributable directly to…
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19
Jan
New administrative penalties for late filings to the Registrar of Companies
The Registrar of Companies , with effect from 18 December 2019 will impose administrative penalties on certain filings submitted…
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19
Jan
Reduction of SDC rate applicable on interest income received by Cyprus tax resident domiciled individuals from corporate bonds
On 26 June 2019 an amendment to the Special Defence Contribution (SDC) Law was published in the Official Government…
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