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TAX NEWS - Changes in respect to the definition of a Cyprus individual tax resident

An amendment to the term ‘Cyprus Tax Resident Individual’ as per the Income Tax was voted into law on 14 July 2017 by the House of Representatives, effective as of 1 January 2017.

VAT obligations Updates - Company Directors’ Liability

Tax Updates

Recently, the Department of Taxation (Cyprus) (DOT) has announced its intention to terminate the application of the pre-agreed minimum profit margins of 0.125% - 0.35% on qualifying intra-group back to back financing agreements effective from 1 July 2017.

Cyprus signs a Double Tax Treaty with Jersey

On 5 August 2016 the treaty with Jersey was published in the official Cyprus Government Gazette

Immovable Property Tax

Changes to the Immovable Property Tax Law