NEWS
10
May
Come to booth 72 to meet and have a chat about your business, because we care about you and your business.
20
Mar
The European Parliament and the Council, having in mind the fundamental right of each natural person for protection of its personal data which are being processed, the rapid technological developments and globalization, have adopted on the 27th April 2016 the General Data Protection Regulation, 679/2016/EC (the "GDPR"). This new legal framework on data protection aims to strengthen natural persons' control over their personal data and the free movement of data.
16
Jan
The Legal Entity Identifier (LEI) is a 20-digit, alpha-numeric code that enables clear and unique identification of legal entities participating in financial transactions and is needed by firms to fulfill reporting obligations under financial regulations and directives. A LEI code is assigned to a legal entity once off.
16
Jan
Below is a general summary of the Circular issued by the Cyprus Tax Department on back to back loan financing.
05
Jan
The House of Representatives has approved the amended VAT Act which imposes 19% VAT on the transfer of buildable land and the leasing of immovable property with the exception of property used as residence...
05
Jan
On 29 September 2017, the House of Representatives of Cyprus passed a law extending the deadline for submission of a claim for the payment of tax arrears from 3 October 2017 to 3 January 2018.
05
Jan
The Cyprus Parliament has unanimously approved an amendment to the Income Tax Law which now allows an individual to be considered a tax resident in Cyprus provided that the individual does not stay in any other state for one or more periods which exceed 183 days in the tax year...
06
Dec
Regulations for Safety and Health at Work of 2017 (Health Surveillance). The new regulations define the obligations of employers, examining doctors, as well as the obligations and the rights of employees.
02
Nov
The Tax Authorities have announced that in the near future all VAT refunds will be made electronically via bank transfers and no longer will cheques be issued for such refunds.
02
Nov
Recent amendments have been made to the VAT Act concerning the right to appeal a decision of the Tax Authorities regarding VAT. Specifically, taxable persons can submit a hierarchical appeal to the Tax Tribunal, within 45 days from the date of notification of the Commissioner's decision to the applicant...
09
Oct
The Cyprus Parliament approved the Law for the Protection of the Paternity in July 2017, which is in effect as from 1st August 2017. This Law enters the term of the protection of the paternity for the first time in Cyprus' legal system, since before this Law, a father was only eligible to unpaid paternity leave.
09
Oct
The Cyprus Parliament approved the amending Law 116 (I) 2017, which amends the basic existing Law 100 (I) 1997 for the protection of the Maternity, and it is in effect as from 1st August 2017.
20
Jul
The Cyprus Parliament has unanimously approved an amendment to the Income Tax Law which now allows an individual to be considered a tax resident in Cyprus provided that the individual does not stay in any other state for one or more periods which exceed 183 days in the tax year, the individual is not tax resident in any other state for the same tax year and the following conditions are met....