Getting the Deal Through – Ports and Terminals Cyprus 2018

[gdlr_row] [gdlr_column size=”1/4″]  [/gdlr_column] [gdlr_column size=”3/4″] Dec 01, 2017 Author: COSTAS STAMATIOU Law Firm: Elias Neocleous & Co LLC Publisher: Getting the Deal Through Practice area: ADMIRALTY AND SHIPPING [/gdlr_column] [/gdlr_row]

VAT registration for insolvency office-holders

The Cyprus Tax Department has issued guidance to professional bodies and other potential stakeholders about VAT registration issues and procedures affecting insolvency office-holders in companies in receivership, liquidation or other insolvency proceedings, taking account of the prohibition in the Insolvency Advisers Law of 2015 against companies acting as insolvency practitioners, and the fact that many […]

Extension of accelerated writing down allowances for tax purposes

The Cyprus Income Tax Law was amended in 2012 to introduce accelerated capital allowances for tax purposes on assets purchased during the years 2012 to 2014 inclusive. The annual writing down allowance for plant and machinery was doubled from 10 percent to 20 percent (if a higher rate than 20 percent applied to the category […]

Ratification of the Council of Europe Convention on Offences relating to Cultural Property

Law 16(III) of 2017, which was published in the official government gazette on 24 November 2017, ratifies the Council of Europe Convention on Offences relating to Cultural Property, which combats the illicit trafficking of cultural property such as historical artefacts. The convention opened for signature on 19 May 2017 under the Cyprus chairmanship of the […]