Confirmation of Ultimate Beneficial Owner (UBO) Information in Cyprus Beneficial Ownership Register 2025
In 2025, Cyprus continues to strengthen its regulatory framework regarding transparency in corporate ownership. All legal entities incorporated or registered in Cyprus are required to maintain accurate information on their Ultimate Beneficial Owners (UBOs). This obligation is part of Cyprus’s compliance with the European Union’s Anti-Money Laundering (AML) directives and the Prevention and Suppression of […]
Cyprus Provisional Tax for 2025: A Complete Guide for Businesses
For companies and self-employed professionals in Cyprus, managing tax responsibilities is crucial. In 2025, a key obligation is the payment of provisional tax. Provisional tax involves specific deadlines, calculation rules, and potential penalties. In this blog post, we’ll guide you through everything you need to know – from estimating your tax liability to submitting payments […]
Cyprus Personal Income Tax Return 2024 (IR1)
On 30 April 2025, the Tax Department of Cyprus announced that the Individual’s Personal Income Tax Return for the tax year 2024 (Form I.R.1) is now accessible for electronic submission via the official TaxisNet online platform. This tax return applies to a broad group of taxpayers including employees, pensioners, as well as self-employed individuals whose […]
Meet IBCCS TAX at Island Conference (i-Con) 2025 in Limassol, Cyprus
We are excited to announce that IBCCS TAX will be attending the Island Conference (i-Con) 2025 — one of the most important business events in Cyprus, bringing together top professionals from iGaming, Fintech, Crypto, Affiliate Marketing, and other emerging Online High-Risk industries. Date: 29–30 May 2025 Location: City of Dreams Mediterranean, Limassol, Cyprus Visit us […]
How to Set Up a Business in the UAE: A Step-by-Step Guide for Entrepreneurs
The United Arab Emirates (UAE) is known for being business-friendly, having low taxes, and being in a great location. This makes it a popular choice for people who want to start a business. If you want to start a business in the UAE, this step-by-step guide will help you understand the process easily. Introduction Starting […]
Formation and Management of Your Holding Company in Estonia
Setting up a holding company in Estonia is one of the most strategic moves an international investor or entrepreneur can make. With its favourable tax regime, digital infrastructure, and strong legal system, Estonia offers a modern gateway into the European business landscape. In this comprehensive guide, we explore why Estonia stands out as an exceptional […]
A New Era for AI Regulation: The First AI Act
On March 13, 2024, the European Parliament approved the world’s first harmonized regulatory act, The AI Act (hereinafter referred to as “The Act”), establishing a groundbreaking legal framework for Artificial Intelligence (AI). The Act aims to establish principles and obligations for AI developers and users concerning the ethical use of AI. It applies to: Providers […]
Government’s Plan for Tax Reform in 2022 – announcement of improve national taxation framework through the reduction of administrative burden associated with compliance.
The Minister stated that increasing corporate tax in Cyprus from 12,5% to 15% will not significantly affect the foreign investments in Cyprus. The main matter for the tax reformation to be examined are as follows: Increase of corporate tax from 12.5% to 15%; Reduction or abolition of the €350 annual company levy; Reduction of contribution […]
Cypriot DAC6 Guidelines Decree
On 29th October 2021 the Cypriot Ministry of Finance issued guidelines in the form of Ministerial decree which clarify key terms of Cypriot Mandatory Disclosure Rules Law (we have already written article about the law itself). Its main target is to provide explanation for the relevant persons influenced by the EU Directive related to exchange […]
Jak obostrzenia związane z pandemią wpływają na regulacje dotyczące rezydencji podatkowej na Cyprze?
Ponieważ obecna sytuacja zmusiła rządy do podjęcia bezprecedensowych środków (ograniczenia w podróżowaniu, kwarantanna itp.), pojawiają się problemy dotyczące interpretowania skutków podatkowych w razie nieplanowanego czy też przedłużonego pobytu w danym kraju. Zwłaszcza osoby, które spotkał „lockdown” w kraju, który nie jest ich krajem rezydencji (w tym podatkowej), np. na Cyprze, czy w Polsce, mogą mieć […]