Administrator

February 20, 2019

Cyprus Tax Facts 2019

This publication provides a brief overview of the Cyprus Tax Legislation effective as at the date of publication. It contains useful information about each particular tax law and it can be used by natural persons and/or legal entities in handling their tax affairs. It should be clarified however that the tax information provided by this publication is of general nature and therefore it cannot substitute proper professional advice which is always given after serious consideration of the merits of each case.
September 18, 2018

Cyprus signs a tax treaty with Luxembourg for the avoidance of double taxation

The Republic of Cyprus has concluded a Double Tax Treaty with Grand Duchy of Luxembourg. The treaty was signed on the 8th of May 2017. The new treaty shall enter into force upon both Cyprus and Luxembourg exchanging notifications that the formal ratification procedures have been completed. The provisions of the treaty with respect to taxes will have effect in both contracting states on or after 1 January post ratification.
August 6, 2018

Cyprus Tax Facts 2018

This publication provides a brief overview of the Cyprus Tax Legislation effective as at the date of publication. It contains useful information about each particular tax law and it can be used by natural persons and/or legal entities in handling their tax affairs. It should be clarified however that the tax information provided by this publication is of general nature and therefore it cannot substitute proper professional advice which is always given after serious consideration of the merits of each case.
June 18, 2018

Cyprus signs a new tax treaty with the principality of Andorra for the avoidance of double taxation

The Republic of Cyprus has concluded a new Double Tax Treaty with United Kingdom. The treaty was signed on the 22nd of March 2018. The actual publication of the treaty in the Gazette took place on the 2nd of April 2018. The new treaty shall enter into force upon both Cyprus and United Kingdom exchanging notifications that the formal ratification procedures have been completed. In Cyprus the provisions of the treaty with respect to taxes will have effect on or after 1 January post ratification.
April 18, 2018

Cyprus signs a new tax treaty with United Kingdom for the avoidance of double taxation

The Republic of Cyprus has concluded a new Double Tax Treaty with United Kingdom. The treaty was signed on the 22nd of March 2018. The actual publication of the treaty in the Gazette took place on the 2nd of April 2018. The new treaty shall enter into force upon both Cyprus and United Kingdom exchanging notifications that the formal ratification procedures have been completed. In Cyprus the provisions of the treaty with respect to taxes will have effect on or after 1 January post ratification.
April 18, 2018

Taxation of Rents in Cyprus for Value Added Tax Purposes (Interpretative VAT Circular-Letting of Immovable Property)

Following the recent legislative changes (Law 157 (I) / 2017) enacted by the House of Representatives of Cyprus, for the purposes of harmonizing legislation with the EU Value Added Tax (VAT) Directive, we set out below how the transactions relating to the letting of immovable property in Cyprus will be treated for VAT purposes.
April 4, 2018

Imposition of Reduced VAT Rate of 5% for the Acquisition and/or Construction of a House for Use as Main and Permanent Residence

The reduced VAT rate of 5% applies to contracts concluded after 1 October 2011 provided they relate to the acquisition and/ or construction of residences to be used as the primary and permanent place of residence for the next 10 years. Certain conditions must be met in order to qualify for the submission of the relevant application to the tax commissioner.
February 5, 2018

New Regulation on Tax Debts

The regulation bringing into life the law on tax amnesty was published on 23/6/2017 in the official Gazette of the Republic of Cyprus. The regulation provides for reduced penalties and interest if the tax is paid by instalments. It covers all taxes which arose up to 31 December 2015. An application to take advantage of this relief must be submitted within three months from the effective date of the law (3 July 2017), i.e. by 2 October 2017 through a specific website application, except for new tax liabilities as under “c” above where the 3 months commence from the date the newly assessed tax is due.
January 1, 2018

Cyprus Signs a Tax Treaty With Saudi Arabia for the Avoidance of Double Taxation

The Republic of Cyprus has recently concluded a Double Tax Treaty with Kingdom of Saudi Arabia. The treaty was signed on the 3RD January 2018. The new treaty shall enter into force upon both Cyprus and Saudi Arabia exchanging notifications that the formal ratification procedures have been completed. The provisions of the treaty with respect to taxes will have effect in both contacting states on or after 1 January post ratification.

This site uses cookies to provide you with the best experience. By using this site, you agree to our use of cookies. You can change your cookie settings at any time using your browser settings. For more information on how we use cookies, please read our Privacy Policy.