UAE Corporate Tax: Rates, Registration, Free Zones and Filing Explained
Last updated: July 2026 UAE Corporate Tax is now a central part of the compliance framework for companies operating in the United Arab Emirates. Businesses that previously focused mainly on licensing, bookkeeping and VAT must also determine their Corporate Tax status, calculate taxable income and file an annual return. The standard UAE Corporate Tax rates […]
UAE Personal Income Tax: Salary, Business Income and Tax Residency Explained
Last updated: July 2026 The United Arab Emirates does not currently impose federal personal income tax on individuals. This remains one of the factors attracting internationally mobile professionals, entrepreneurs, investors and families to the country. However, describing the UAE simply as “tax-free” can be misleading. An individual may not pay UAE personal income tax on […]
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 […]
Banks in Cyprus to require audited accounts
In regard to certain structural changes that are currently taking place on the Cyprus Banking sector, that also affect the status of your company/ies that hold bank accounts in Cyprus. Amongst other structural reforms, Cyprus banks have amended their requirements in regard to the submission of the Audited Financial Statements for all companies that maintain […]
Annual Levy
Annual Levy of EUR 350.00 – companies registered in Cyprus Please be informed that as per the Article 391 of the Companies law (as amended Law No. 6(I)/2013), it is obligatory to pay the annual fee – Annual Levy for all companies registered in Cyprus. The fee equals to EUR 350.00 (three hundred and fifty […]
Banking and Shell companies in Cyprus
Despite its very favourable tax regime, Cyprus has successfully avoided being implicated as a tax heaven and maintains its place among the lawful jurisdictions for business development. Nevertheless, the Cypriot banking system continuous to be closely scrutinized in the international press primarily due to the country’s poor compliance with the European Union directives and recommendations […]