07
Dec
Attracting companies to operate or expand their activities in Cyprus
The Cyprus government has presented its plan for attracting companies to operate or expand their activities in Cyprus.
The main…
December 2021
September 2021
15
Sep
Extension to the deadline for payment of the 2021 annual company levy
The deadline for the payment of the 2021 annual company levy has been extended from 30 June 2021 to…
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15
Sep
Tax treatment of of the revised International Financial Reporting Standards 9 “Financial Instruments”, 15 “Revenue from Contracts with Customers” and 16 “Leases”
IFRS 9 – Financial Instruments
Tax treatment of provisions/impairment of receivables for tax purposes
bad debts proved to the satisfaction…
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15
Sep
Extension of the income tax exemption of 20% or €8,550 for employment in Cyprus
On 15 December 2020 the House Of Parliament voted for the extension of the specific law which aims to…
read moreApril 2021
07
Apr
Extension of tax incentives for reduced rent in Cyprus
The tax incentives, provided to landlords for voluntarily reducing the rent charged to tenants – businesses, whose operations have…
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07
Apr
DAC6 in Cyprus
On 18 March 2021 the Cyprus Parliament voted into law the relevant Directive known as “DAC6”.
The Directive is intended…
07
Apr
Ultimate Beneficial Owners (UBOs) Register of Companies and Other Legal Entities in Cyprus
Companies and other legal entities can begin to submit the details of their beneficial owners into the intermediate system…
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07
Apr
Imposition of a 0,4% contribution on sale of immovable property in Cyprus
From 22 February 2021, a contribution of 0,4% is imposed on the sale of immovable property in the Cyprus.
The…
September 2020
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…
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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…