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Posted in News, News for Cyprus
Cyprus Tax News: Assessment and Collection of Taxes Law amended
To improve tax compliance, strengthen tax collection and provide additional enhanced powers to the Commissioner of Taxation, Cyprus recently amended its Assessment and Collection of Taxes Law.
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Posted in News, News for Cyprus
DAC6 Filing Deadlines: Cyprus opts for 6-month deferral
The new Council Directive (EU) 2020/876 was published in the Official Journal of the European Union on the 26th June 2020 (the “new Directive”) and entered into force the day after of the publication.
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Posted in News, News for Cyprus
Cyprus IP Box regime amended
The Cyprus Tax Legislation was recently amended with respect to the tax treatment of intangible assets providing increased flexibility to taxpayers benefiting from the Intellectual Property (IP) Box regime.
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Posted in News, News for Cyprus
Cyprus Tax News: VAT Update – Recent Amendments
The following amendments have been recently implemented into Cyprus VAT legislation:
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Posted in News, News for Cyprus
Cyprus Tax News: New procedure for stamping documents
The procedure for stamping documents that are based on the value of the document/contract has changed, the Commissioner of Taxation recently announced.
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Posted in News, News for Cyprus
Cyprus Tax News: Double Taxation Treaty – Russia
On 10 August 2020, Cyprus and Russia concluded the negotiations of a new protocol to amend the existing provisions of the Cyprus-Russia tax treaty.
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Posted in News, News for Cyprus, News for Greece
Andersen published the 1st edition of the European Corporate Legal Insights Magazine
Andersen in Europe publishes its first magazine, European Corporate Legal Insights, which devotes its main section to analysing the measures adopted by the different countries in response to the Covid-19 crisis and their impact on foreign investment…
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Posted in News, News for Cyprus
Cyprus Tax News: Tax Portal is now live
The Cyprus Tax Department launched the Tax Portal, putting an end to tax payments at local District Offices as from 1st September 2020.
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Posted in News, News for Cyprus
Cyprus Tax News: VAT on hospitality and transport temporarily reduced to 5%
As part of its efforts to boost the coronavirus-stricken economy, the Cyprus government has temporarily reduced the VAT rate that applies to certain services in the tourism, restaurants, and transport industries from 9% to 5%.
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Posted in News, News for Cyprus
Cyprus Tax News: Amendments to the NID provisions of the Income Tax Law
The revised NID provisions enhance the tax benefits for Cyprus companies financing their operations through new equity, are in line with the recommendations of the European Commission, and offer additional clarity for taxpayers.
