Payment of tax liabilities
One of the Cyprus Tax Department’s main current priorities is to streamline and modernise its processes and make it more convenient for taxpayers to deal with the department by facilitating electronic submission of tax returns and payments, so removing the need to visit a tax office. Electronic submission of income tax and VAT returns is […]
Amendment to the VAT Law
The VAT Law has been amended to provide for the reduced rate of VAT of 9 per cent to apply to non-exempt supplies provided by nursing homes. The Value Added Tax (Amendment) (No. 2) Law of 2018, Number 60(I) of 2018, amends the Twelfth Annex to the VAT Law of 2000 to 2018 to include […]
New double tax agreement between Cyprus and Andorra
Author: ELENA CHRISTODOULOU Law Firm: Elias Neocleous & Co LLC Publisher:International Law Office Practice area: CORPORATE AND COMMERCIAL
Kyriacos Xenophontos elected to the committee of STEP Cyprus
At the recent annual general meeting of STEP Cyprus, the local branch of the Society of Trust and Estate Practitioners, Kyriacos Xenophontos, partner in the firm’s private client and corporate departments, and CEO of affiliated Neocleous Trust company, was elected as a member on the board of directors of STEP Cyprus. Since its foundation in […]
Cyprus Securities and Exchange Commission regulatory priorities for the second half of 2018
The Cyprus Securities and Exchange Commission (CySEC) has recently announced its main priorities for the second half of 2018 in the context of its regulatory responsibilities to ensure maximum investor protection and the healthy development of the securities market. CySEC’s principal objective for 2018 is to establish, monitor and sustain a healthy and stable environment […]
VAT refunds
The Cyprus Tax Department has announced that its new system for electronic payment of VAT refunds by bank transfer will shortly be in operation. In preparation for the new system, taxable persons who have VAT refund requests awaiting examination or who anticipate submitting refund requests in the future should complete form T.F. 1900 2017 with […]
The New Double Taxation Agreement Between Cyprus and Andorra
Author: ELIAS NEOCLEOUS , CONSTANTINOS CHRISTOFI Law Firm: Elias Neocleous & Co LLC Publisher:Wolters Kluwer Practice area: CORPORATE AND COMMERCIAL
Digitising business processes – Cyprus aligns national law with EU Regulation 910/2014
A fundamental component of the EU digital single market and the facilitation of public services across borders is EU Regulation 910/2014 of 23 July 2014 on electronic IDentification, Authentication and trust Services, known as eIDAS. eIDAS has been directly applicable in all EU member states since 1 July 2016. It aims to facilitate the development […]
Mondaq award for Contributor Most Read in Cyprus
Mondaq, launched in 1994, is one of the most comprehensive Internet repositories of professionals’knowledge and expertise. It disseminates legal, regulatory and financial commentary and information supplied directly by hundreds of the world’s leading professional advisors, covering more than 80 countries, and tracks detailed readership of this information through its website and distribution network. At the […]
Elias Neocleous & Co LLC – the sole Cyprus firm among the 100 elite law firms of Europe
Legal Business is the market-leading glossy monthly magazine for senior decision-makers in the UK and global legal market. Published ten times a year, the magazine reaches thousands of senior lawyers at major commercial firms across the UK and key financial centres of Europe, Asia and the US. It is published by Legalease, the publishers of […]