NEWSROOM

Digital Nomad Visa – Extension of Number of Beneficiaries
08/03/2022

On 3 March 2022 the Council of Ministers of the Republic of Cyprus decided for the number of persons who can obtain a Digital Nomad Visa to be increased from 100, which was set initially, to 500.

Reference Interest Rates for 2022 for Notional Interest Deduction on New Equity
10/02/2022

The Cyprus Tax Department published on 3 February 2022 the bond yield rates per country as at 31 December 2021 to be considered for the Notional Interest Deduction...

Cyprus and Germany Double Tax Treaty: Protocol Entered in to Force
07/02/2022

The Protocol amending the Double Tax Treaty between Cyprus and Germany entered in to force on 8 December 2021.

Frequently Asked Questions on Back to Back Financing Arrangements
04/02/2022

The Cyprus Tax Department issued, on 24 January 2022, a set of Frequently Asked Questions related to financing arrangements between related parties of a so called Back to Back nature.

UBO Register - ACT NOW!
25/01/2022

The deadline for registration of every company or any other legal entity incorporated in Cyprus to the UBO Register is on 12 March 2022.

Cyprus and Jordan Sign a Double Tax Treaty
10/01/2022

On 17 December 2021 Cyprus and Jordan signed a Double Tax Treaty. The treaty is based on the new OECD Model Tax Convention and includes all the minimum standards of the...

Country by Country Reporting – Extension of Deadline
29/12/2021

The Cyprus Tax Department announced on 20 December 2021 that the submission deadline for Country-by-Country (CbC) Reporting obligations in Cyprus due to the secondary filing mechanism...

Introduction of Incorporation Test for Tax Residency and Withholding Taxes
22/12/2021

On 9 December 2021 the Cyprus Parliament approved some amendments to the Income Tax law and the law on Special Contribution for Defence related to...

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