Newsletters

September 8, 2020

Important Amendments To The Assessment And Collection Of Taxes Law – LAW 126(I)/2020

On 20th August 2020, the Cyprus Government published in the Official Government Gazette an amendment to the Assessment and Collection of Taxes Law that comprises a number of amendments to the mechanisms for implementing the direct tax laws.
August 28, 2020

Important Amendments To The Cyprus VAT Law – N. 121(I)/2020N & N. 122(I)/2020

On 20th August 2020, the Cyprus Government published in the Official Government Gazette an amendment to VAT Law, aiming to improve the VAT collection and combat VAT fraud.
August 25, 2020

Cyprus – Russia Amendment Of The Double Taxation Treaty

On 10th August 2020 Cyprus and Russia have agreed to amend their Double Tax Avoidance Treaty after extensive negotiations between the competent authorities of the two States in Moscow.
July 15, 2020

Cyprus Government Announces VAT Measures In Order To Minimise The Effects Of The Coronavirus Outbreak On The Cyprus Tourism Industry

Further to our previous VAT updates regarding the decision taken by the Cyprus government to use Value Added Tax (VAT) as a fiscal policy tool for restricitng the adverse effects of coronavirus (Covid-19), on the local economy, we would like to highlight the following:
July 14, 2020

“Tax Portal” The New Electronic Service of the Tax Department

The launching of the tax portal, which was announced by the Tax Department, is now fully functional.
April 24, 2020

VAT DECREE (ΚΔΠ 170/2020) – Monthly VAT Return Submission and Payments

As per the latest Regulatory Administrative Act (ΚΔΠ 170/2020), published in the Gazette on the 16th of April 2020, businesses who have received a relevant Email Notification will have to submit VAT Returns and pay the relevant VAT liability on a monthly basis. On the same date, the Tax Department issued explanations with regards to the decree.
April 24, 2020

Update: Cyprus Parliament votes measures for addressing the effects of Coronavirus outbreak to the Cyprus economy

Updated summary of the Cyprus Governmental measures announced and of the legislative amendments voted.
April 14, 2020

Update: Value Added Tax (VAT) Measures For Addressing The Effects Of Coronavirus Outbreak On The Cyprus Economy

Further decisions taken by the Cyprus Government regarding the use of Value Added Tax (VAT) as a fiscal policy took for restricting the adverse effects of Coronavirus (COVID-19)
April 8, 2020

Cyprus Parliament votes measures for addressing the effects of Coronavirus outbreak to the Cyprus economy

Summary of the Cyprus Governmental measures announced and of the legislative amendments voted.

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