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July 10, 2022
in News

Introduction of New Transfer Pricing Legislation in Cyprus

On 30 June 2022, the Cyprus Parliament has voted to law the long-anticipated transfer pricing documentation requirements into law, accompanied by detailed regulations applicable from the 1 January 2022. These measures are fully aligned with the recommendations outlined in the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations. The new documentation requirements apply […]

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March 15, 2022
in News

Revised EU List of Non-Cooperative Jurisdictions

On 3 March 2022, the updated EU list of non-cooperative jurisdictions for tax purposes became effective following its publication in the Official Journal of the European Union. Key Updates: George Kaimakliotis & Co Ltd is ready to assist you in understanding the implications of these updates and how they may affect your tax planning and […]

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February 15, 2022
in News

NID Reference Interest Rates 2022

The Cyprus Tax Department (CTD) has released the interest yields of 10-year government bonds for various countries, as of 31 December 2021. These yields, increased by 5%, serve as the “reference rate” for granting tax allowances on new capital in accordance with Article 9B of the Income Tax Law N.118(I)/2002, as amended. To provide context, […]

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March 6, 2021
in News

NID Reference Interest Rates 2021

The Cyprus Tax Department (CTD) has released the interest yields of 10-year government bonds for various countries, as of 31 December 2020. These yields, increased by 5%, serve as the “reference rate” for granting tax allowances on new capital in accordance with Article 9B of the Income Tax Law N.118(I)/2002, as amended. To provide context, […]

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June 25, 2020
in News

Tax-News.com: Cyprus Announces More COVID-19 Tax Breaks

by Jason Gorringe, Tax-News.com, London 25 June 2020 The Government of Cyprus has announced a number of new tax support measures for businesses, including a value-added tax rate cut for tourism accommodation providers and restaurants. The Government has announced that during the period July 1, 2020, until January 10, 2021, tourist accommodation and catering services […]

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