Jul 6, 2023 | News
Thursday, July 6th, 2023, The new amendments dated June 30th, 2023, brought to article 8(23A) of the Income Tax Law “ITL” are the following: The number of years whereby an individual should not have been resident in the Republic of Cyprus before commencing his first...
Jun 2, 2023 | News
On 16 May 2023, the EU Finance Ministers, at a meeting of the ECOFIN (Economic and Financial Affairs Council) held by the Council of the EU, reached an agreement with regards to amending DAC 8, the EU Directive for administrative cooperation implementing OECD rules on...
May 4, 2023 | News
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...
Mar 2, 2023 | News
On the February 14th, 2023, the EU Council added Russia, the British Virgin Islands, Costa Rica and the Marshall Islands to the EU’s list of non-cooperative jurisdictions. Therefore, presently and until the next revision scheduled for October 2023, the EU list of...
Dec 15, 2022 | News
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...
Dec 5, 2022 | News
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...
