On 7 July 2022, the House of Representatives passed amendments to the Income Tax Law.

In summary On 3 February 2022, the Cyprus Tax Authority issued a circular (Circular 3/2022) informing that the legal procedures for the entry into force of the Cyprus – Switzerland Double Tax Treaty Protocol signed on 20 July 2020 (the “Protocol”) have been completed in both jurisdictions. The Protocol entered into force on 3 November [...]

On 2 February 2022, the Cyprus Tax Authority issued a circular (Circular 2/2022) informing that the legal procedures for the entry into force of the Cyprus – Germany

On the 4th of June 2021, the Cyprus Tax Department announced an additional extension for filing information on reportable cross-border arrangements. The new submission deadline for DAC6 has been extended to the 30st of September 2021, for the following cases

On 18 February 2021, the House of Representatives (Parliament) voted for The Prevention and Suppression of Money Laundering and Terrorist Financing (Amending) Law of 2021

The Tax Department of the Republic of Cyprus has announced that DAC6 (which is the Council Directive (EU) 2018/822 of 25 May 2018 amending Directive 2011/16/EU

During 2004 and after Cyprus has joined the EU, online gambling service providers licensed in other EU member states have exploited the legal ambiguity and flaws that existed in Cyprus

Cyprus’ full EU membership, strategic location, warm climate, highly qualified professionals and list of personal tax incentives has made Cyprus an ideal setting for foreign nationals to relocate to.

Cyprus and Russia entered into a Double tax Treaty (DTT) back in 1998 in a joint effort to avoid the double taxing of income and capital generated in Cyprus

On 8 September 2020, Cyprus and Russia signed a protocol amending the double taxation treaty following the conclusion of negotiations in August.