Direct Tax Updates

Changes in tax laws, new regulations and general tax updates are issued periodically to keep our clients updated with the latest news on tax related matters. 

Other updates:

  • Cyprus-Latvia double tax treaty effective 1 January 2017 - English (120 KB)
  • Cyprus and India sign new Double Tax Treaty (DTT) - English (140 KB)
  • Cyprus Parliament approves new IP Box Regulations - English (170 KB)
  • Cyprus Income Tax Law amendments voted on Foreign Permanent Establishments and Intellectual Property - English (200 KB) and Russian (250 KB)
  • Cyprus and Jersey sign first time double tax treaty - English (240 KB)
  • Tax Circular provides guidance on the Notional Interest Deduction provisions - English (250 KB) and Greek (260 KB)
  • Double Tax Treaty between Cyprus and Bahrain enters into force - English (92KB)
  • Cyprus and India complete negotiations for a revised double tax treaty (DTT) - English (236KB)
  • Cyprus and Latvia sign first time double tax treay - English (280 KB)
  • Notional interest deduction: 2016 interest rates announced by the Cyprus Tax Authorities (updated) - English (258KB)
  • Notional interest deduction: 2016 interest rates announced by the Cyprus Tax Authorities - English (250 KB)
  • Government charges for issuance of tax rulings - English (30 KB)
  • Cyprus double tax treaty with Georgia effective 1 January - English (30 KB)
  • Notional interest deduction: 2015 interest rates announced by the Cyprus Tax Authorities (updated) - English (36 KB)
  • The Ministry of Finance announced planned amendments to the Cyprus IP tax regime in line with the OECD BEPS Action 5 with maximumtransitional periods - English (76 KB)
  • Double tax treaty with Switzerland effective January 1, 2016 and Protocol to South Africa treaty in force - English (76 KB)
  • Voting of Special Contribution for Defence law amendment for the exemption of profits from Deemed Dividend Distribution in the case of reorganisations - English (40 KB), Greek (40 KB)
  • Automatic exchange of information on advance cross-border tax rulings between Tax Authorities in the European Union and the European Commission - English (76 KB)
  • Tax law amendments aiming at enhancing Cyprus’ tax competitiveness – Other amendments - English (40 KB)
  • Tax law amendments enhance Cyprus’ corporate and personal tax competitiveness –Main amendments - English (76 KB), Greek (76 KB), Russian (76 KB)
  • ‘Largely Compliant’ – Cyprus rating by the Global Forum on Tax Transparency - English (72 KB)
  • Cyprus tax authorities issue Circular on advance tax rulings - English (70 KB)
  • Cyprus and Iran sign first time double tax treaty - English (77 KB)
  • Tax law amendments enhance Cyprus’ corporate and personal tax competitiveness – Main amendments - English (76 KB), Greek (156 KB), Russian (180 KB)
  • Tax law amendments enhance Cyprus’ corporate and personal tax competitiveness – Other amendments - English (64 KB), Greek (162 KB)
  • Cyprus proposals for corporate and personal tax reform to enhance the competitiveness of Cyprus - English (28 KB), Greek (161 KB), Russian (172 KB)
  • Latest Cyprus double tax treaty developments - English (156 KB)
  • Cyprus and Iceland double tax treaty ratified by Cyprus - English (152 KB)
  • Latest Cyprus double tax treaty developments - English (72 KB)
  • Cyprus House of Representatives approves legislative amendments which relate to the collection of taxes and to the Immovable Property Tax - English (244 KB)
  • Exchange of information for tax purposes and disclosure of Ultimate Beneficial Owners (UBOs) for corporates & other structures - English (196 KB)
  • Cyprus and Switzerland sign a double tax treaty - English (152 KB)
  • Cyprus signs the Convention on Mutual Administrative Assistance in Tax Matters - English (144 KB)
  • Double Tax Treaty between Cyprus and Spain enters into force - English (140 KB)
  • Appointment of Tax Tribunal members - English (48 KB)
  • Cyprus Double Tax Treaties (DTTs) effective from January 1, 2014 - English (60 KB)
  • Double Tax Treaty between Cyprus and Estonia enters into force and will be effective from January 1, 2014 - English (141 KB)