Temporary Social 0% VAT

Temporary Social 0% VAT

The Council of Ministers of the republic of Cyprus, approved a 0% VAT rate on Tuesday May 2nd, 2023, to be applied on a series of chosen food and products considered as socially important. This temporary decree will be published on May 5th in the Official Gazette of...
Temporary Social 0% VAT

BFU Policy Amendment

Nicosia, December 16th, 2022, On 30 November 2022, the Council of Ministers approved an amendment of the policy for the current fast-track registration of companies of specific nature, i.e., high-tech, pharmaceutical, shipping, etc. through the Business Facilitation...
Temporary Social 0% VAT

Suspension of public access to UBO Register

Nicosia, December 5th, 2022, On 28 November 2022, following the relevant ruling from the Court of Justice of the European Union (CJEU) invalidating public access to UBO Registers within the EU, the Cyprus Registrar of Companies of the Republic of Cyprus has issued a...
Temporary Social 0% VAT

0,4% Immovable Property Levy

Nicosia, December 1st, 2022, Cyprus law provides for a 0,4% levy on the sale of immovable property as well as on the sale of shares in a company owning immovable property in the Republic of Cyprus as long as the buyer gets the ownership of the company. The Tax...