Cyprus – Passenger Name Record Directive
The Cyprus Parliament has, on November 30th, 2018, approved the law which transposes the provisions of the Passenger Name Record (PNR) Directive of the EU (2016/681) into the national legislation.
Read moreEuropean Union Announces its first Tax Havens Blacklist
The European Union, after a lengthy process, has announced on the 5th December 2017 its first Tax Havens Blacklist, being the first EU list of non-cooperative jurisdictions for tax purposes. The said blacklist includes seventeen (17) countries and follow the leak of the Panama Papers and the Paradise Papers which have seen increasing publicity and scrutiny.
Read moreCyprus – VAT Update
The Cyprus Parliament has passed on the 3rd November 2017 an amendment to the relevant VAT law, effectively introducing VAT imposition at the standard rate (currently 19%) to the sale of land which is for building purposes and the leasing and/or rental of business premises.
Read moreCyprus – Extension for Payment of Tax Arrears
The Cyprus Parliament has passed on the 29th September 2017 an amendment to the relevant law, effectively extending the deadline for individuals and corporations and entities to file for any apply for the scheme of settlement of taxes which are in arrears.
Read more