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Category: Taxation

Tax relation posts and information

Should I become a Cyprus tax resident, non-domiciled?

Jun 2, 2023
The introduction of the non-domiciled (non-dom) tax resident status in the Cyprus tax system in 2015 paved the way for tremendous opportunities to businessmen that want to achieve optimum tax...

EU adopts tax haven blacklist. It includes the United Arab Emirates.

Apr 1, 2019
Bermuda, the US Virgin Islands and the United Arab Emirates are in the new updated list. EU finance ministers adopted on the 12th of March 2019 a new a revised...

Shell companies and the 60 days tax residency scheme.

Nov 16, 2018
The Minister of Finance has stated recently that the model where Cyprus encouraged the opening of bank accounts of companies, that had just deposits at the banks, with no physical...

VAT introduced on the supply of building land and business.

Jun 1, 2018
VAT introduced on the supply of building land and business. On 3 November 2017, the Cyprus Parliament voted the amendments in the Cyprus VAT legislation fulfilling its obligation to the...

Get Cyprus tax residency by staying 60 days in Cyprus.

Jul 17, 2017
A new bill was voted into Law last Friday 14th of July 2017 amending the Income Tax Law allowing an individual to acquire Cyprus tax residency by staying only 60...

How can I achieve Cyprus tax resident, non-domiciled status?

Jan 17, 2017
  In our last article “Should I become a Cyprus tax resident, non-domiciled?” we explained the advantages , especially those related to tax benefits, for those foreign individuals that consider...

Updated double tax treaty table. November 2015

Nov 30, 2015
Read the recently updated double tax treaty list of Cyprus as issued by the Ministry of Finance. Cyprus currently has 58 double tax treaties. Click the link below. http://www.mof.gov.cy/mof/mof.nsf/page26_en/page26_en?OpenDocument

Tax Alert. Automatic exchange of information on tax rulings of EU Member states.

Oct 9, 2015
The Commission has welcomed a unanimous agreement by Member States on the automatic exchange of information on cross-border tax rulings, just seven months after the presentation of the Commission’s ambitious proposal...

New tax changes attract foreign investment. Tax Alert, August 2015

Aug 30, 2015
The House of Representatives voted on the 9th of July 2015 a number of significant tax law bills into laws in an effort to modernize the Cyprus tax system and...

How to pay the annual government levy to the Registrar of Companies.

Jun 26, 2014
Please be reminded that all Cyprus companies should settle the special annual government levy of 350 euro by the 30th of June 2014. The settlement of the annual duty should ONLY...