Latest News

General Healthcare System (GHS) contributions start from 1st March 2019

May 3rd, 2019|

  The long awaited General Healthcare System (GHS) is now a reality in Cyprus. From 1st of March 2019 the contributions have started with the outpatient healthcare taking effect from [...]

NON RETURN CAPITAL CONTRIBUTIONS (NRCC)

October 4th, 2018|

A new tax circular EE25 of the Cyprus Tax Department was issued clarifying the treatment of NRCC. When a Cyprus company contributes to the net assets of its foreign subsidiary [...]

TAX TREATMENT OF INTRA-GROUP BACK-TO-BACK FINANCING ARRANGEMENTS

July 10th, 2017|

  TAX TREATMENT OF INTRA-GROUP BACK-TO-BACK FINANCING ARRANGEMENTS     On the 30th of June the Cyprus Tax Department has issued an interpretative Circular as to the  treatment of Intra [...]

March 3rd, 2017|

Cyprus Tax Department publishes the 10 year bond yield for Notional Interest Deduction (NID) purposes for 31st December 2016 The Cyprus tax authorities have announced the interest yield of the [...]

TAX NEWS: Minimum profit margins on Back to Back Loans abolished

March 3rd, 2017|

Minimum profit margins on Back to Back Loans abolished   The Cyprus Tax Department (CTD), in order to streamline its policies and adhere with the latest OECD guidelines and the [...]

CYPRUS NEW INTELLECTUAL PROPERTY TAXATION REGIME

November 1st, 2016|

On the 14 of October the Cyprus Parliament has amended the Cyprus tax legislation and the favourable tax scheme applying for Intellectual Property Rights (collectively referred to as IP) and [...]

CYPRUS TO AMEND THE INTELLECTUAL PROPERTY RIGHTS TAX REGIME

July 31st, 2016|

The Cyprus Tax Department (CTD) announced that they will amend the Intellectual Property Tax Law to align it with the OECD recommendations as published on the 5th October 2015 Action [...]

CYPRUS ENACTS PROPOSED 2015 TAX REFORMS

June 30th, 2016|

The Cyprus Parliament has approved the a number of tax reforms which they were subsequently passed into laws with there publication in the Government gazette on Thursday 16th July 2015. [...]

Inland Revenue collections down

April 20th, 2016|

The Inland Revenue Department collections have been reduced by 3% in the first seven months of the year compared to the same period of 2013, official data released on 2/9/2014 [...]

Cyprus New Intellectual and Royalties Taxation Regime

March 4th, 2016|

Following the recent amendments of the Cyprus tax legislation a more favourable taxation regime has been introduced for royalties and Intellectual Property Rights (collectively referred to as IP). The main [...]