Mar 11, 2024 | News
March 11th, 2024 Belize, the Seychelles, Bahamas, and the Turks and Caicos Islands have been removed from the list of non-cooperative tax jurisdictions of the European Union. This update took place on February 26th, 2024, with the Seychelles and the Turks and Caicos...
Feb 23, 2024 | News
February 23rd, 2024 Acting upon the need to bring in a positive note amid US/UK/EU sanctions affecting the corporate sector whose long-term client has been no other than the Russians, Cyprus abolished the €350 annual levy of on companies on February 21rst. The...
Jan 18, 2024 | News
January 18th, 2024 DAC 7’s purpose is to tax non-reported income arising from digital platforms, including penalty fees at the discretion of member states for users that do not comply, and to apply automatic exchange of information between member states on this issue....
Jan 9, 2024 | News
January 9th, 2024 On December 6th, 2023, the SDC rate on passive interest income earned by Cypriot tax resident individuals and companies was reduced from 30% to 17%, through an amendment to the Special Defence Contribution (‘SDC’) Law by the Cyprus Parliament. The...
Dec 6, 2023 | News
December 6th, 2023 With the aim of promoting the Republic of Cyprus as a technological and financial hub, the House of Representatives on November 30th updated and enhanced the conditions applying for the naturalization of foreigners in the Republic of Cyprus by...
