Latest News

May 27, 2019
AMENDMENTS EU ANTI-TAX AVOIDANCE DIRECTIVE

Amendments to the Income Tax Law for the implementation of the EU Anti-Tax Avoidance Directive Issue N-7-2019, 9 April 2019...

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January 21, 2019
SIF INCREASE & NHIS CONTRIBUTIONS COMMENCE (2019)

An increase in Social Insurance Fund (SIF) contributions will come in effect in 2019 and that contributions for the implementation of the National Health Insurance System (NHIS) will commence on the 1st of March 2019.

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March 10, 2017
ABOLISHMENT OF MINIMUM MARGINS ON BACK-TO-BACK LOANS

In accordance with a letter issued by the Cyprus Tax Department (CTD) to the Institute of Certified Public Accountants of Cyprus (ICPAC), the guidance as to the minimum profit margins the CTD would be willing to accept in back-to-back loan transactions (“the back-to-back regime”) will be abolished as of 1 of July 2017....

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