On February 21, 2023, the updated list of non-cooperative jurisdictions for tax purposes came into effect following its publication in the Official Journal of the European Union. This revision followed the adoption of conclusions by the Economic and Financial Affairs Council (ECOFIN) on February 14, 2023. The ECOFIN Council addressed both the EU list of […]
The Cyprus Tax Department (CTD) has released the interest yields of 10-year government bonds for various countries, as of 31 December 2022. 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, […]
The long-awaited tax incentives for individuals in relation to first employment in Cyprus were officially published in the Official Gazette of the Republic of Cyprus on 26 July 2022. These new provisions, introduced into the income tax legislation, form part of the Cyprus Government’s broader strategy to attract businesses and skilled professionals from abroad, making […]
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 […]
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 […]
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, […]
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, […]
by Ulrika Lomas, Tax-News.com, Brussels 24 July 2020 Switzerland has signed protocols to its double taxation agreements with Cyprus, Liechtenstein, and Malta to implement minimum standards developed as part of the OECD’s BEPS project. The amending protocols were agreed with Liechtenstein on July 14, Malta on July 16, and Cyprus on July 20. Each protocol […]
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 […]
by Lorys Charalambous, Tax-News.com, Cyprus 15 May 2020 The BEPS multilateral convention entered into force for treaties signed by Cyprus and Saudi Arabia on May 1, 2020. Any treaty signed by Cyprus or Saudi Arabia that they selected as a “covered agreement” will be modified by the BEPS MLI as from May 1, 2020, providing […]
Monday – Friday: 9am to 20 pm
Saturday: 9am to 17 pm
Sunday: day off
