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
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
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
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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