Contact details for the new Deputy Ministry of Shipping

The Deputy Ministry of Shipping (DMS) has announced that the email addresses of personnel and departments of the DMS have been changed following its conversion from a department of the Ministry of Transport, Communications and Works to a Deputy Ministry. The part of the email address which precedes the @ symbol is the same as […]

Income tax exemption for new taxpayers earning more than €100,000 per year

The Cyprus Tax Department has recently issued a circular clarifying its earlier circular EE 2017/4 dated 24 July 2017 regarding the income tax exemptions for persons taking up employment in Cyprus under article 8(23) of the Income Tax Law 118(I)/2002 as amended. Under article 8(23), 50% of the first ten years’ earnings from employment in […]

Signature of revised double taxation agreement between Cyprus and the United Kingdom

On 22 March 2018 Cyprus and the United Kingdom signed a revised double taxation agreement, based on the OECD Model Convention. When it enters into force it will replace the current agreement, which dates back to the mid-1970s, and introduce modern-day standards on exchange of tax information and base erosion and profit shifting. The new […]

Extension of final date for submission of tax returns by companies

The Cyprus Tax Department has announced on its website that the deadline by which companies and self-employed individuals who are required to submit annual accounts must file their tax returns for the year ended 31 December 2016 has been extended to 30 June 2018.

Elias Neocleous & Co LLC leads the Legal 500 Hall of Fame for Cyprus

The Legal 500 is one of the most trusted and respected providers of information on law firms around the world, with a comprehensive research programme revised and updated every year to bring the most up-to-date vision of the global legal market. The recently-introduced Legal 500 Hall of Fame highlights individuals who are at the pinnacle […]