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Tag: Taxation

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...

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

Jan 5, 2017
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...

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...

What is the personal income tax in Cyprus?

Apr 30, 2014
Where an individual is tax resident in Cyprus, tax is imposed on income accruing  or arising from sources both within and outside the island. Where an individual is not tax...

4 NEW CYPRUS DOUBLE TAXATION TREATIES ENTER INTO FORCE WITH EFFECT FROM 1 JANUARY 2014

Feb 5, 2014
In line with the OECD Model Convention, four new Double Taxation Treaties (DTT) have  come into force with effect from 1st of January 2014, between Cyprus and the following countries: 1. DTT...

NEW DOUBLE TAX TREATY BETWEEN CYPRUS AND UKRAINE

Oct 2, 2013
Following the ratification of the new treaty by the Government of Cyprus on the 22nd of  March 2013, the Ukrainian parliament has proceeded with the ratification the new double  tax...

INCREASE IN THE CORPORATE TAX RATE

May 8, 2013
With effect from 1 January 2013 the corporate tax rate has been increased from 10% to 12,5%. Transfer and carry forward of tax losses by credit institutions With effect from...

THE CYPRUS PARLIAMENT REJECTED THE DEAL OF DEPOSIT TAX

Mar 20, 2013
The decision of the Cyprus Parliament to reject the bailout deal on Tuesday night has proven the trustworthiness of Cyprus as a major financial center sending out the signal that...

WHO DO CYPRUS DIVIDEND TAXES APPLY TO?

Jun 27, 2012
In last week’s article, an overview of the Cyprus’s defense tax was given. As briefly outlined before, Cyprus’s defense tax also, in certain cases, applies to dividends. However, whether or...