Countdown to the Limassol Economic Forum

The Limassol Economic Forum will take place on Friday, 19 October at the Four Seasons Hotel in Limassol. As in previous years, Elias Neocleous & Co LLC will be a principal sponsor of the event. Now in its ninth year, the forum is the biggest and most important business gathering in Cyprus, and has become […]

New quarterly reporting requirements for funds management companies and self-managed funds

Circular C281 issued by the Cyprus Securities and Exchange Commission (CySEC) on 25 September 2018 sets out new reporting dates and additional statistical information required by CySEC for compilation of its quarterly statistics relating to management companies and self-managed funds. The new arrangements apply to all Alternative Investment Fund Managers, UCITS Management Companies, Self-Managed UCITS, […]

Reduction of non-performing loans in the Cyprus banking sector

On 14 September the Central Bank of Cyprus (CBC) published its latest analysis of data on non-performing loans in the Cyprus banking sector, covering the period to 31 May 2018, showing aggregate non-performing facilities (NPFs) and related indicators for the domestic operations of credit institutions operating in Cyprus. Overseas operations are excluded. During the month […]

Taxation of insurance agent earnings

   Author: ELENA CHRISTODOULOU Law Firm: Elias Neocleous & Co LLC Publisher:International Law Office Practice area: CORPORATE AND COMMERCIAL

Submission of 2017 tax returns

The Cyprus Tax Department has issued a further reminder that 31 October 2018 is the last date for submission of tax returns for 2017 by employees and self-employed persons with an annual turnover below € 70,000 and payment of any tax due by self-assessment. Returns may only submitted online via the department’s TAXISnet portal. Up […]