Pursuant to subsection (2) of section 111A of the Civil Registry Laws of 2002-2013, the government of the Republic of Cyprus enforced a number of favourable incentives to encourage foreign direct investment into the country, as well as to attract…
On January 17th,2020, the double tax treaty between the Government of the Republic of Kazakhstan and Government of the Republic of Cyprus was ratified. The DTT Convention on income tax will enter into full force from 1st January 2021. The…
The popularity of the Multilateral Instrument Convention (MLI) is on the rise but few have understood and even less have seen its effect which has been argued to be a milestone in the history of international taxation. For instance, how…
Σε συνέχεια των μέτρων που ανακοινώθηκαν από το Υπουργείο Εργασίας, Πρόνοιας και Κοινωνικών Ασφαλίσεων, σας παραθέτουμε τους πιο κάτω όρους και προϋποθέσεις για το σχέδιο που έχει τεθεί σε ισχύ και αφορά επιχειρήσεις που έχουν αναστείλει μερικώς τις επιχειρηματικές τους…
Further information has been announced by the Ministry of Labour, Welfare and Social Insurance in regards to the application of the Special Scheme for Partial Suspension of Business for coping with the effects of COVID-19. Any business can be included…
When addressing his nation regarding the Covid19 pandemic, Vladimir Putin made an unexpected announcement regarding Russian Double Tax Treaties: all dividends which are withdrawn to foreign accounts will suffer a 15% withholding tax. This is opposed to the current 5%…
Overview UK Nationals residing in Cyprus and receiving a pension from the UK have benefited by the original Double Tax Treaty signed between Cyprus and the UK in 1974 and amended in 1980 (“the original Treaty”), as a result of…
On March 15th, 2020, the Government of the Republic of Cyprus unveiled new measures to combat the impact cause by the Covid-19 crisis. Some of these measures include: “Special Leave” allowance for parents, not exceeding the amount of €1,000 (€1,200…
On Sunday, March 15th 2020, the Cypriot Government unveiled a series of measures aimed at assisting small and medium sized companies address the adverse effects of the Covid-19 crisis. Some of the measures include: GHS- An important change is introduced…
Cypriot taxpayers will be pleased to hear that the settlement of overdue taxes – by providing a relief on penalties and interest – incurred up to the year 2015 has now been extended until August 2020. The House of Representative…