Dec 1, 2022 | News
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...
Oct 25, 2022 | News
Nicosia, October 25th, 2022, The Cyprus Securities and Exchange Commission (CySec) has granted a Class 3 registration Crypto Asset Services Provider (CASP) to cryptocurrency exchange Binance Cyprus Ltd. Executive Vice President of Binance Europe, Mr Bruncko says this...
Sep 27, 2022 | News
Nicosia, September 27th, 2022, On September 23rd 2022, the Council of Ministers issued Decree (No.373/2022) exempting individual tax residents in the Republic of Cyprus with gross annual income not exceeding EUR19,500 from the obligation to submit a personal income...
Aug 2, 2022 | News
New income tax exemptions for employment income were introduced on July 26th, 2022, amending Articles 8(21) and 8(23) of the ITL (Income Tax Law). Article 8(21) Prior to July 26th, 2022, according to Article 8(21) of the ITL, 20% of the remuneration or €8,550...
Jul 9, 2022 | News
The Cyprus parliament on June 30th,2022 transposed the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations into the Cypriot Income Tax Law of 2002. The new TP law allocates income to related companies and permanent establishments and...
Jun 30, 2022 | News
Nicosia, June 30th, 2022, An amendment voted by The House of Representatives, effective as of 8 June 2022, the date of its publication in the Official Gazette of the Republic is reducing the Special Contribution for the Defence (“SDC”) rate to 3% for natural or legal...
