25
Apr
Transfer Pricing Requirements and Guideline
Effective from the tax year 2022 onwards, the simplification rules of 2.2857% on back to back loans etc. will…
read moreApril 2024
25
Apr
Provisional tax instalments for the tax year 2024
The income tax for individuals and companies for the tax year 2024 must be estimated and prepaid in two…
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25
Apr
Transfer Pricing FAQs
Effective from the tax year 2022 onwards, Cyprus taxpayers are obliged to prepare Transfer Pricing Studies for transactions exceeding…
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25
Apr
Prevention of tax abuse
The relevant laws have been amended in order to introduce withholding taxes (WHT) on payments to companies in jurisdictions…
read moreMay 2022
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 moreDecember 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…