News

Cyprus Naturalisation Update

May 23, 2024

May 23rd, 2024 Further to the fact that the legislation maintains the necessity for standard applicants to naturalisation to be of good character, to be self-sufficient...

Off-EU List

Mar 11, 2024

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....

Levy Deleted

Feb 23, 2024

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...

DAC 7 Reporting

Jan 18, 2024

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...

Decreasing SDC on interest

Jan 9, 2024

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...

Naturalization update

Dec 6, 2023

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...