Posts Tagged ‘Cyprus’

Reduced VAT Rate on New Residence – Important Amendment

On 26 April 2024 an amendment to the Cyprus VAT Law was published in the Official Gazette of the Republic of Cyprus. The amendment gives to the Commissioner of the VAT Authorities the discretion...

Easter Holidays 2024

We warmly express our best wishes for a Happy Easter! Kindly be informed that our office will be closed from Friday, 3 May 2024, until Tuesday, 7 May 2024, both inclusive, for Orthodox Easter Holidays in Cyprus.

Further Extension of Temporary Application of Zero VAT Rate for Essential Items

On 19 April 2024 an amendment to the VAT Law was published in the Official Gazette of the Republic of Cyprus for the extension of the application of the zero rate of VAT...

Deadline for Submission of Employer’s Return

The deadline for submission of the Withholding Taxes and Contributions Return or the year 2023 is on 31 May 2024.The Return, otherwise known as the Employer’s Return, provides...

Application for Cyprus Citizenship Based on New Provisions

On 22 March 2024, the Ministry of Interior announced further clarifications regarding the amended provisions of the Civil Registry Law regarding naturalisation.

Announcement by Registrar for Abolition of Annual Levy

The Registrar announced on 21 March 2024 that the abolition will be with effect from 2024, therefore all levies up to and including 2023 are still due.

Reference Interest Rates for 2024 for Notional Interest Deduction on Equity

The Cyprus Tax Department published on 7 March 2024 the bond yield rates as at 31 December 2023 for a number of countries, to be considered for the Notional Interest Deduction to which equity injected in to Cyprus companies...

Annual Levy to be Abolished

The Council of Ministers of the Republic of Cyprus decided on 21 February 2024, to abolish the Annual Levy of €350 payable to the Registrar of Companies...

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