The Registrar of Companies has resently (October 2017) sent out notices to all private companies that have not paid the annual levy in any year starting from 2012, 2013, 2014 or 2015, to do so in 3 months. Otherwise the Registrar will strike off the company from the register. You can check if your company owes […]
New Double Tax Treaty Between Cyprus and Ukraine
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 treaty between Cyprus and Ukraine on the 4th of July 2013. The new treaty was put into effect as from the 19th of August 2013. Based […]
Cyprus VAT Rates Changed
As you may know, in Cyprus there are 3 types of rates of VAT (Value Added Tax), charged on every supply of goods or services: The Standard Rate Reduced Rate 1 & Reduced Rate 2. As per the amendment in the VAT law passed by the House of Parliament on 6 December 2012 the applicable […]
Silver Linings Amidst the Cyprus Bailout
Cyprus, one of five European countries to seek a bailout in late June, won the funding it sought of its euro zone partners on June 27. The island has been affected by its Greek debt holdings, but will soon receive the support it needs to strengthen its banks. The country is currently in talks with officials from the European Commission, the European Central Bank and the International Monetary Fund (IMF) regarding the terms of agreement and the bailout capital it needs…
Cyprus Takes The Presidency for the European Council
On July 1, the Cyprus’s six-month rotating presidency for the European Council began, but the opening ceremony kicked off the presidency in style on July 5 at the Ancient Kourion Theater Limassol. President Christofias and President of the European Council Herman Van Rompuy spoke, as well as the European Commission President Jose Manuel Barroso and Poland and Denmarks’ Prime Ministers…