Cyprus approves 5% VAT for small first residence
The Cyprus Parliament passed the law for a reduced 5% VAT rate applied for the first 130 sqm of a residence, either for a house or a...
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Employees with children in Cyprus – Additional annual leave days allowed
The Department of Public Administration and Personnel of the Ministry of Finance issued last Thursday a useful guide for the new...
June 2022: Change of office hours
We would like to inform our clients, associates, and partner firms that from the 1st of June 2022 our office hours have changed. From...
2023 Cyprus company annual Levy Tax deadline due end of June
The deadline for the annual levy tax for the year 2023, which is €350 per company, must be paid by 30 June 2023 at latest. If a company...
Cyprus: Foreign investor Immigration Permit criteria changes
May 2023 – The Cyprus Government Council of Ministers amended recently the criteria for obtaining an Immigration Permit in Cyprus as a...
Cyprus Tax Department: Reduced VAT, card payment acceptance, income tax declaration
The Cyprus Tax Department issued 3 different announcements in the past few days. The first concerns the application of a zero VAT rate...
Coronavirus support plans for April 2021
The Cyprus Ministry of Labour published today, 27/4/2021, the support plans for the April 2021 period. The plans concern the period from...
2023: United Kingdom Corporation Tax increase to 25%
The HMRC announced the increase of the amount of Corporation tax companies will have to pay. The increased tax is directly linked to the...
Update: Nigeria and South Africa under Increased Monitoring by FATF
On the 24th of February 2023, FATF issued an updated list of jurisdictions under increased monitoring. The updated list includes Nigeria...
Update: Russia and 3 other countries blacklisted by EU as non-cooperative
On the 14th of February, the EU issued a press release updating its blacklist regarding non-cooperative countries adding the British...
2023: Cyprus Tax Department Transfer Pricing updated FAQ
On 10 February 2023, the Cyprus Tax Department issued an updated text with Frequently Asked Questions regarding to transfer pricing. The...
Cyprus: A guide to filing Annual Returns and Financial Statements
All companies in Cyprus, following their incorporation with the Registrar of Companies, have the statutory obligation to maintain their...
Cyprus: Foreign interest companies and non-EU employees
The Ministers Council approved recently certain changes in the criteria for companies to register as foreign interest companies in...
2023: The new Cyprus Tax for All System
On 17/1/2023, the Cyprus Tax Department announced that the gradual implementation of the new Unified Tax Management System Tax For All...
Cyprus Businesses and Salary Payment – Employer’s Obligations
In December 2022, an amending law on the Protection of Salaries was published in the Official Gazette of the Republic of Cyprus, which...
Updated 2023: Cyprus Social Insurance and General Healthcare System contributions
General Healthcare System and Social Insurance contributions in Cyprus for the year 2023 will remain the same as in 2022. Please note...
A brief glance at the new Cyprus Shipping Limited Liability Companies (SLLC)
On October 6, 2022, the Cyprus Shipping Deputy Ministry (SDM) announced that the “Law on the Shipping Limited Liability Company” of 2022,...
Cyprus bank and public holidays for 2023
The dates listed below are Bank and Public Holidays in Cyprus for 2023. On these dates, all public services, private companies, banks,...
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