News

New Law on Taxation of property for VAT purposes

November 15th, 2017

The House of Representatives of Cyprus has voted on a number of amendments to the VAT legislation for EU harmonisation purposes, which are listed below. Under the new provisions: VAT is charged at a rate of 19% on the transfer of the ownership of undeveloped land, which is intended for the construction of one or […]

New Law in Cyprus on settlement of overdue taxes

February 16th, 2017

A new Law in Cyprus which provides a scheme that regulates the settlement of overdue taxes of has been voted upon from parliament. The Law gives the opportunity to taxpayers in Cyprus to pay overdue tax liabilities through a regulated instalment scheme with some relief of interest and/or penalties. Its main provisions are summarised below: […]

Compulsory electronic submission of VAT returns from May 2017

December 22nd, 2016

VAT News It will be compulsory for all VAT registered companies and individuals to make electronic submission of VAT returns as of 2nd of May 2017. The relevant Legislation was published in the Cyprus Gazette on 16 December 2016. To this extent, all taxable persons need to proceed with registration to the TAXISnet system, the […]

Guess which country pays the lowest taxes in Europe?

August 23rd, 2016

Belgians have paid the highest amount of taxes in the European Union between 2010 and 2015. For this year, France is on top of the list with a real tax rate of 57.53%, followed by Belgium and Austria. On the other end of the list, Cyprus ranked at the bottom of the EU’s 28 member states, with a […]

Resent Changes to the Cyprus tax laws to attract more High Net Worth Individuals to relocate and invest in Cyprus

June 13th, 2016

Non – domiciled persons not liable to defence tax Defence tax is payable only by persons who are considered to be tax residents of Cyprus which effectively means an individual who spends at least 184 days in Cyprus every tax year. Defence tax is payable on dividends, interest and rental income. The law was amended […]

Submissions to the company registrar in Cyprus

October 13th, 2015

The company registrar in Cyprus has proceeded and sent letters to Cyprus companies which are not up to date with their submissions denoting that if the required documents are not submitted soon to bring the companies in good standing, they will proceed with their strike off and their publication in the government gazette.

News about the levy tax for Cyprus companies for 2015

August 25th, 2015

The levy tax for Cyprus companies for 2015 can now be paid only with a penalty of €35 as the extended period given by the Cyprus Registrar of Companies has expired.

The Company Registrar extended the payment without penalty

July 10th, 2015

The Company Registrar has given extension until the end of July for the payment without penalty of the companies’ annual fee of €350. Cyprus incorporated Companies that have not yet paid the levy for 2015 can still do so without penalty until  31/07/2015.

Incorporation of Cyprus Companies or the sale of readymade Cyprus Companies

May 25th, 2015

We can now offer the Incorporation of Cyprus Companies or the sale of readymade Cyprus Companies (subject to availability) at a cost of €900 including one set of corporate documents!

Updates for Cyprus Company Registration

April 28th, 2015

The Registrar of Companies in Cyprus has recently implemented a new computerised system which allows the application for name approval and also the registration of Cyprus Companies to be made quicker and easier. We can now obtain name approvals in 2-3 working days and also incorporate a Cyprus Company in 3-4 working days. Applications are […]