On 3 November 2022 the Department of Registrar of Companies and Intellectual Property (βROCβ) announced that it intends to proceed with the πππ«ππ π’π¬ππ«πππ’π¨π§ π¨π ππ¨π¦π©ππ§π’ππ¬, π’π ππ‘ππ² πππ’π₯ππ ππ¨ π¬ππππ₯π β¦
On 01.11.2022 the Tax Department has issued the Circular (ΞΞΏ. 10/2022) for the purposes of clarifying new tax income exemptions for the practical application as well as conceptualizing the term β¦
On 13.10.2022 the Cyprus Tax Department notified all legal entities and their official representatives that the Bilateral Competent Authority Arrangement (CAA) for the exchange of Country-by-Country (CbC Reports) between Cyprus β¦
On 07.10.2022 the Cyprus Parliament has adopted the Law on the Limited Liability Shipping Company (SLLC) of 2022, which establishes the official competent authority, the Register of LLSCβs with the β¦
According to the recent interaction between the Commissioner of Taxation and the Tax Compliance Committee of ICPAC (βThe Institute of Certified Public Accountants of Cyprusβ), no penalties or interest should β¦
On 22 December 2021, the European Comission published theΒ Proposal for aΒ Council Directive 2021/0434, also known as the Anti tax Directive III (βATAD IIIβ), with the stated intention being to prevent β¦
The European Court of Justice on 07.09.2022 has clarified that the family members of EU citizens, who come from third countries, may not fall under the scope of temporary residence, β¦
On 21.12.2021, amendment 193(I)/2021 to the Income Tax Law has been published in the Official Gazette of the Republic of Cyprus by adopting an additional test for determination of corporate β¦
On 31.08.2022 the decree on the minimum wage has been adopted during the meeting of the Council of Ministers, which will be implemented under Article 3(1) of the Minimum Wage β¦
On 26.07.2022, new amending provisions under Articles 8(21) and 8(23) of the Income Tax Law have been published in the Official Gazette of the Republic of Cyprus, which establish 50% β¦
On 24.06.2022 the Official Gazette of Cyprus has published the introduction of amendments to the Companies Law regarding the requirement of audit or review financial statements of the companies by β¦
Transfer Price is a practice in accounting occurring when goods or services are exchanged between divisions (subsidiaries, affiliates, or commonly controlled companies) of the same larger entity On 30 June β¦
Cyprus companies are required to apply a temporary tax assessment / calculation of their 2022 chargeable income under the Cyprus Income Tax Law. The temporary tax assessment/estimation is due in β¦
On 27 May 2022, the Cabinet of Ministers approved the list of amendments to the regulations governing immigration permits for third country nationals by virtue of The Aliens and Immigration β¦
According to the newest announcement by the Registrar of Companies in Cyprus, from 01 June 2022, the general public, as well as obliged entities, can have access to information regarding β¦
According to the announcement by the Tax Department of Cyprus on 08 April 2022, Personal Income Tax Return (Form T.D.1) for the tax year 2021 is now accessible for electronic β¦
12 March 2022 is the last date when companies or other legal entities incorporated before 12 March 2021 in Cyprus should report data about their Beneficial Owners. According to the β¦
The Tax Foundation recently published a report on the tax competitiveness of the Organization for Economic Co-operation and Development (OECD) countries, which ranked Estonia as the 1st country for the β¦
