European Court of Justice rules against general public access to UBO registry
25/11/2022 After the debate of whether AML regulations can come in conflict with GDPR regulations for EU citizens, the European Court of...
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Cyprus: Imposition and collection of 0.4% fee on immovable property sales
Based on legislation passed in February 2021, all transfers and sales of immovable property and/or shares of a company which is not...
Cyprus AIRBNB accommodations: Everyone must register
Cyprus: The Deputy Ministry of Tourism announces that all self-catering accommodations (on AIRBNB, BOOKING.COM and other platforms)...
Intellectual Property in Cyprus – information, benefits, protection
Contrary to owning tangible objects, such as for example owning a car, house or other objects, intellectual property refers to owning by...
October 2022: income tax declaration exemption update
Cyprus – The Council of Ministers issued a Decree (September 2022) regarding income tax returns for 2022. The decree states that all...
Cyprus Anti-Money Laundering (AML) documentation requirements
AML Compliance has grown to become an integral part of the financial services sector. Following the law requirements, Our Cyprus-based...
Cyprus CySEC: Registration for Express Trusts Beneficial Ownership
The Cyprus Securities and Exchange Commission wishes to remind all trustees of express trusts or persons holding an equivalent position...
2022: Social Insurance Payments, Unemployment and Maternity allowance
Cyprus: In the context of the digitization and modernization of the services offered to the Citizens, the Ministry of Labor and Social...
UK Overseas Entities must register their property
Overseas entities with existing UK property interests or who intend to acquire property, must register their beneficial ownership...
Cyprus: Minimum wage at 940 euros per month
September 2022: The Cyprus Minister of Labour and Social Insurance, announced yesterday (31/8/2022) the establishment of the National...
September 2022: Workplace safety inspection campaign for hotels and restaurants in Cyprus
The Department of Labor Inspection of the Ministry of Labor and Social Insurance will conduct, in September 2022, a special Inspection...
July 2022: Extension of Submission of Income tax for 2021
Income tax forms must be filed by employees, pensioners and self-employed individuals with gross income exceeding €19,500. An extension...
Start of submission of Income Tax Return declaration for 2022
Cyprus July 2023 – The Tax Department announced that the submission of the Individual Income Return for 2022 through the TaxisNet system...
Cyprus: 2022 transfer pricing changes
After recommendations by the OECD, the Cyprus parliament approved certain documentation requirements on transfer pricing (June 30th,...
Cyprus companies: 2022 Temporary tax first instalment
Companies that expect to have taxable income for the year 2022 must pay the first instalment of the temporary (provisional) tax by 31...
2022 – Deadline for settlement of taxes through self-assessment
The 30th of June 2022 is set as the final date to settle taxes through self-assessment for Special Contribution for Defence on rents,...
Cyprus Special Defence Contribution law amended
Cyprus, May 2022. the Cyprus Parliament approved law amendments in the Special Defence Contribution law (SDC), targeting to widen the...
Deadline: 2022 Cyprus companies annual Levy Tax
Latest update 01/07/2022 The Cyprus Parliament (30/06/2022) approved an extension for the payment of the annual levy until 31/12/2022. We...
Campaign against undeclared work and compliance with labor legislation
The Ministry of Labor, Welfare and Social Insurance (through the Inspection Service), will carry out in June 2022, inspections on a...
Obligation to Accept Payments by Card – New economic activities
Cyprus – The Tax Department issued a reminder that, under Article 30A, businesses listed in its list on the Assessment and Collection of...
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