Insights
Practical commentary on the legal developments that affect businesses and individuals in Cyprus.
Find your answer
Type at least two characters for instant suggestions.
13 articles · Clear filters
Tax Law
On Friday 14/09/2018 Standard & Poor’s Global Ratings raised its long- and short-term foreign and local currency sovereign credit ratings on Cyprus to ‘BBB-/A-3’ from ‘BB+/B’ with a stable outlook. This is certainly an important development and a vote of confidence to the Cyprus economy. S&P explained in an announcement the rationale behind its decision:… Read More
Tax Law
VAT introduced on the supply of building land and business. On 3 November 2017, the Cyprus Parliament voted the amendments in the Cyprus VAT legislation fulfilling its obligation to the EU to subject the supply of building land to VAT. Cyprus had received a derogation (Article 383 of the VAT Directive) to continue exempting building… Read More
Tax Law
In our last article "Should I become a Cyprus tax resident, non-domiciled?" we explained the advantages , especially those related to tax benefits, for those foreign individuals that consider to become Cyprus tax resident. In this article we go through the evidence that will need to be available in order to present to the tax… Read More
Tax Law
Read the recently updated double tax treaty list of Cyprus as issued by the Ministry of Finance. Cyprus currently has 58 double tax treaties. Click the link below. http://www.mof.gov.cy/mof/mof.nsf/page26_en/page26_en?OpenDocument
Tax Law
The Commission has welcomed a unanimous agreement by Member States on the automatic exchange of information on cross-border tax rulings, just seven months after the presentation of the Commission's ambitious proposal on the subject. The new rules should lead to greater cooperation between Member States on tax matters and act as a deterrent from using tax… Read More
Tax Law
Following the ratification of the new treaty by the Government of Cyprus on the 22nd of March 2013, the Ukrainian parliament has proceeded with the ratification the new double tax treaty between Cyprus and Ukraine on the 4th of July 2013. The new treaty was put into effect as from the 19th of August 2013…. Read More
Direct advice. Prompt response.
