04
May
Cyprus Digital Nomad Visa
The Cyprus government recently announced a specific visa programme, with several incentives for people who would like to take…
read moreMay 2022
December 2021
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…
September 2021
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 moreSeptember 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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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
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…
read moreJanuary 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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