The Limassol Municipality decided to impose a professional tax/annual trade license fee on all companies having their registered office...

At the end of December 2019, the Cyprus – Kazakhstan Double Tax Treaty was signed by the President of Kazakhstan, which was previously...

The Cyprus Migration Department has made some changes regarding the regulation for bank guarantees for work permits and based on the new...

Maximum annual tax deduction for life and private medical insurance premiums The Cyprus parliament has recently approved an increase in...

Further to our previous update of the 2 October 2019, we would like to inform you that the Cypriot Parliament decided in a recent session...

The Cypriot Council of Ministers recently adopted an amending bill that hopes to boost the state’s tax-collecting capacity through the...

Recently the Cyprus Council of Ministers has come to a decision to provide a VAT refund to individuals who bought land for the...

As from 18 December 2019, the Registrar of Companies will impose administrative fines for late filing of the below notifications to the...

Gold magazine is considered the best English-language source for business news in Cyprus. In its July edition, it published a special...

Companies that expect to have taxable income for the year 2019 and individuals, who have income other than employment income, must pay...

We would like to inform you that the final date for the annual levy tax for the year 2019, which is €350 per company, must be paid by 30...

We would like to remind our clients and associated with the following upcoming deadlines: 30 June 2019 Payment of Special Contribution...

In a recent development, the Cypriot Labour Minister has accepted a request from local employers and companies to allow, under certain...

For the year 2020, Social Insurance contributions remain the same as in 2019 while, on 1 March 2020, contributions to the General...

As of 1/1/2019, the social insurance rates for both employees and employers have increased by 0.5% on the insurable earnings of the...

The Tax Department has recently released an Informative Guide, in Greek, regarding Benefits in Kind. The Informative Guide explains the...

The Department of Labour has announced a few changes to take place from September 2017. A penalty of €500 will be applied for each...

TAX DEPARTMENT CAMPAIGN – VISITS TO BUSINESS PREMISES As part of the implementation of its strategic objective to increase voluntary tax...

Certain Tax Law amendments have taken place in July 2015 in order to: Harmonize and align the Cyprus tax system with relevant EU...

There are two new directives, first for the fast reaction mechanism aimed towards preventing VAT fraud. The second one is for the...