NEWSROOM

Christmas Wishes
15/12/2022

Whether it relates to guarding ourselves from viruses, avoiding war or any other conflict, treatment of refugees, protection of the environment, or any other aspect of our lives, we should not forget that we are all human beings and we all have an equal right of living...

Income Tax exemptions for Persons who Move to Cyprus for Employment - Clarifications by Tax Department
09/11/2022

On 1 November 2022 the Cyprus Tax Department issued Tax Circular 10 of 2022, providing clarifications and examples on how the exemptions are applied in practice.

Limited Liability Shipping Company Introduced in Cyprus
04/11/2022

The Limited Liability Shipping Company Law was approved by the Cyprus Parliament on 6 October 2022, enabling the formation of a Limited Liability Shipping Company.

Strike-Off of Companies with unpaid Annual Levies
03/11/2022

With an announcement on 3 November 2022 the Cyprus Registrar of Companies has notified the intention to proceed with the strike-off of all companies with...

Exemption from Submission of Personal Income Tax Return for 2022
28/09/2022

Individuals whose gross annual income is below €19.500 have been exempted from the obligation to submit a personal income tax return for the tax year 2022.

Further Improvement of Income Tax exemptions for Persons who Move to Cyprus for Employment
29/07/2022

An amending law was published in the Official Gazette of the Republic of Cyprus with respect to the income tax exemptions for employment income, in relation to persons moving to Cyprus for employment. 

Incentives for Investing in Innovative SMEs – Extension of Application to Corporate Investors
25/07/2022

The tax incentives for investing in innovative enterprises have been extended even further following a law approved by Cyprus Parliament recently. The extension concerns...

Limited Assurance Review Instead of Full Scope Audit
07/07/2022

The Cyprus Parliament approved amendments to the Companies Law and to the Assessment and Collection of taxes law on 9 June 2022, in order to introduce the...

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