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 moreSeptember 2020
10
Sep
Amendments to the Merchant Shipping Law of 2010
On 15 April 2020, the Cyprus Merchant Shipping Law has been amended as follows:
Eligible Ship
The definition of ”Eligible Ship”…
January 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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19
Jan
Deemed Dividend Distribution as at 31 December 2019
The Deemed Dividend Distribution provisions apply to the profits of Cypriot tax resident companies that are attributable directly to…
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19
Jan
New administrative penalties for late filings to the Registrar of Companies
The Registrar of Companies , with effect from 18 December 2019 will impose administrative penalties on certain filings submitted…
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19
Jan
Reduction of SDC rate applicable on interest income received by Cyprus tax resident domiciled individuals from corporate bonds
On 26 June 2019 an amendment to the Special Defence Contribution (SDC) Law was published in the Official Government…
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19
Jan
Adoption of rules against tax avoidance practices
On 5 April 2019, the House of Representatives voted into law the provisions of the European Council Directive for…
read moreMay 2019
28
May
Tax incentives for the film industry
On 11 December 2018, an amendment to the Income Tax Law was published which provides certain tax incentives for…
read moreDecember 2018
11
Dec
Tax treatment of non-refundable capital contributions to companies who are not Cyprus tax residents
On 3 September 2018, the Cyprus Tax Department issued the circular EE-25 in order to provide guidance regarding the…
read moreApril 2018
25
Apr
Imposition of VAT on letting of immovable property
As from 13 November 2017, 19% VAT is imposed on the letting of immovable properties in Cyprus.
Imposition of VAT…
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