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Posts Tagged ‘Real Estate’

New Deadlines for Payment of SCD and GHS on Rental Charges in Effect

The Cyprus Tax Department issued an announcement on 21 February 2024 in order to notify the change in the payment terms of Special Contribution for Defense withheld at source on rental payments.

Cyprus and Croatia Sign a Double Tax Treaty

On 17 October 2023 Cyprus and Croatia signed a Double Tax Treaty (DTT). The treaty was published in the Official Gazette of the Republic of Cyprus on 27 October 2023.

Change in Deadline for Payment of SCD on Rental Income

The amendment relates to the deadline for payment of Special Contribution for Defense on rental income, in cases this is withheld at source. The tax should be paid...

Reduced VAT Rate on Purchase or Construction of New Residence

On 8 June 2023 the Cyprus Parliament approved the bill on the application of a 5% VAT rate on the purchase or construction of a property to be used as the main and permanent residence by the buyer/s.

Amendments to the Cyprus Permanent Residence Permit Programme

To address some shortfalls of the Programme, important amendments were introduced with effect on 2 May 2023. These amendments are...

Third Country Nationals Relocating to Cyprus – New Options

The Council of Ministers of the Republic of Cyprus recently approved new regulations permitting the issuance of immigration permits for third country nationals in the following cases...

Inheritance and Estate Planning – Company or Trust?

In this newsfeed we will focus on two popular Cyprus entities, which can be used for arranging and administering the wealth of a family in order to ensure its smooth and careful transmission from...

Locating in cyprus |company|officers|premises

We will consider whether to form a company in Cyprus or redomicile a foreign company to the country. We will also contemplate alternatives concerning premises, as well as for sourcing and appointing officers for the company.

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