NEWSROOM

Cancellation of Penalties for Late Submission of Data to UBO Register
01/02/2024

The Cyprus Registrar of Companies announced, on 31 January 2024, that any penalties imposed for late submission of data to the Register of Beneficial Owners of Corporate and Other Legal Entities (UBO Register) are waived.

Extension of Deadline for Submission of Data on UBO Register
26/01/2024

The Cyprus Registrar of Companies announced, on 17 January 2024, the extension of the deadline for submission of data to the Register of Beneficial Owners of Corporate and Other Legal Entities...

Important Updates in Relation to DAC7
22/01/2024

Following the implementation of EU Council Directive 2021/514 (DAC7), which amended Directive 2011/16 on administrative cooperation in the field of taxation (DAC), in to local legislation...

Cyprus and France Sign a New Double Tax Treaty
17/01/2024

On 11 December 2023 Cyprus and France signed a Double Tax Treaty (DTT) which, once it enters in to force, will replace the existing treaty between the two countries, dated back in 1981.

Reduction of Special Contribution for Defence on Interest Income
09/01/2024

Through an amendment approved by the Cyprus Parliament on 6 December 2023, the Special Contribution for Defence rate on interest income has been reduced from 30% to 17%.

Public Interest Rate for 2024
04/01/2024

With a decree published in the Official Gazette of the Republic of Cyprus on 29 December 2023, the Minister of Finance has increased the public interest rate...

Holidays are Coming!!!
21/12/2023

We would like to wish a Merry Christmas and a Healthier, Safer, Brighter New Year to everyone!

Extension of VAT Deadline
20/12/2023

The Tax Department announced on 19 December 2023 that the deadline for submission of VAT returns, and payment of any amount due, for the VAT period from 1 September 2023 to 30 November 2023 is extended from...

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