Tax Alert - New Relaxed Cyprus Tax Residency Criteria For Individuals

25 July 2017 As per the previous provisions of the Cyprus tax legislation an individual being physically present in Cyprus for a period exceeding 183 days is considered as being Cyprus tax resident. As from 1 January 2017 onwards the Cyprus tax law has been amend read more...

Tax Alert -Cyprus-Russia double tax treaty postponed regarding "capital gains" article

4 January 2017 As per the protocol concluded back in 2010 amending the Cyprus-Russia double tax treaty, Article 13 provided the right to the Contracting States to tax capital gains from the sale of shares or other similar rights deriving more than 50% of their value fro read more...

Tax Alert – Changes to the Cyprus IP regime

27 July 2016 A new draft legislation has been presented to the House of Representatives to include the amendments to the income tax legislation in relation to the Cyprus IP box regime, as well as specific regulations as to how the implement the new provisions of the l read more...

TAX ALERT – Double Tax Treaty with Jersey

25 July 2016 Cyprus has signed a new Double Tax Treaty (DTT) with Jersey. This DTT is expected to come into force on 1 January 2017 on the understanding that the ratification procedures from both countries will be completed during 2016. read more...

TAX ALERT – Negotiations between Cyprus and India completed

25 July 2016 On 30 June 2016 the negotiations between Cyprus and India for a revised Double Tax Treaty (DTT) have been successfully completed. This revised DTT is expected to be signed and ratified by both countries within the next few months, so it will enter into fo read more...

TAX ALERT – Tax Residency Certificate Request

8 February 2016 In accordance with Circular 2015/19 issued by the Cyprus tax office there is a new application which needs to be filled in order to issue a Tax Residency certificate. The details are illustrated below. We firstly have to note that there is no change in t read more...

Tax Alert – Protocol to the Cyprus-Ukraine Double Tax Treaty

22 January 2016 During December 2015 Cyprus and Ukraine signed a Protocol to amend the Double Tax Treaty that came into force on 1 January 2014. read more...

Tax Alert – Double Tax Treaty with Ethiopia

22 January 2016 Following the conclusion of a series of negotiations Cyprus signed a Double Tax Treaty with Ethiopia. Provided that the ratification procedures are completed within 2016, the treaty will be effective as from 1 January 2017 onwards. read more...

Tax Alert – December 2015 Tax Changes

5 January 2016 The second set of amendments in the provisions of the Cyprus tax legislation aim towards further improving the tax system of Cyprus, making it even more attractive to both the local as well as to the international business community. These changes relate read more...

COMPANIES LAW: Amendments

24 August 2015 Since June 2015 the Cyprus Parliament has introduced the following new amendments to the Cyprus companies Law CAP 113 and the changes may be summarized as follows: read more...

Derivative Actions in the Republic of Cyprus / Protection Minority Rights

24 August 2015 Cyprus has been an English colony for over 78 years and the English custom and most of the English Laws were introduced in Cyprus, and most of them are in force with minor or no amendments. read more...

TAX ALERT - Changes to the tax laws making Cyprus an even more attractive jurisdiction

21 July 2015 Favorable amendments have been passed to the provisions of the Cyprus Income tax legislation and the Special Contribution for Defence tax legislation. These amendments are applicable as of their date of publication in the Official Gazette (published on 16 read more...

Double Tax Treaty between Cyprus and Spain Ratified

12 September 2013 New treaty expected to come into effect from 1st January 2014 read more...

Alternative means for tax efficient profit repatriation to Poland

19 February 2013 The signature of the amending Protocol to the Cyprus-Poland DTT witnessed the removal of the tax sparing provisions and the amendment of the Director’s fees article. The upcoming entry into force of the amended provisions, led to the need for alternative read more...