VAT rates for services and products related to the COVID-19 disease
21/02/2023With an announcement from the Tax Department, the zero rate for products and services related to the COVID-19, ceases to…DAC7: Reporting obligations for EU digital platform Operators
17/02/2023On 22 March 2021, the EU Council adopted EU Directive 2021/514 (commonly referred as “DAC 7”) amending Directive 2011/16/EU (DAC-6)…Cyprus: “Tax for All” platform: Next steps
13/02/2023Following our previous article on the new Tax for All platform, the Tax Department announced that the first step to…Cyprus: New “Tax For All” platform to replace TaxisNet
08/12/2022A new innovative platform -Tax For All- (TAF) is underway, by the Tax Department of Cyprus to replace TaxisNet, Tax…Suspension of access to the Beneficial Owners register for the general public
29/11/2022Further to the judgement of the EU Court of Justice (CJEU), on 20th November 2022, the Department of Registrar of…ISRE 2400 (Revised): ICPAC’s alternative suggestion
10/11/2022Recently, the Institute of Certified Public Accountants of Cyprus (ICPAC) proposed an alternative option to the assurance of the financial…Cyprus adopts a minimum wage
01/09/2022Cyprus, one of the last EU countries to adopt a minimum wage, has agreed to set a national minimum monthly…50% tax reduction for first time employment in Cyprus
03/08/2022The Cyprus government passed new tax incentives on 26 July 2022. The scheme is along with the One Stop Shop,…New Transfer Pricing Rules as of 1 January 2022
27/07/2022On Thursday, 30 June 2022 the Cyprus Parliament passed a law introducing detailed transfer pricing legislation, marking a new era in company…Abolishing “take-use-waste”
25/05/2022The regenerative economic model of the circular economy has surpassed all expectations that it will dominate the future as a…