Court dismisses defendants’ application in limitation period case
Author: LOUIZA PETROU Law Firm: Elias Neocleous & Co LLC Publisher: International Law Office Practice area: LITIGATION AND DISPUTE RESOLUTION
VAT on transfer of right to dispose of immovable property
The Cyprus Tax Department has issued a circular (EE 229 dated 27 December 2018) explaining the application of Law 39(1) of 2018, which amended the VAT Law of 2000 to 2018 to bring the transfer of the effective right to dispose of immovable property as owner within the scope of VAT with effect from 1 […]
Revision of the maximum permissible interest rate under article 314A of the Criminal Code
In 2011 the Criminal Code was amended by the addition of a new article 314A, which makes it a criminal offence, punishable by up to 5 years’imprisonment, a fine of up to EUR30,000 or both, for lenders to charge interest at excessive rates. The maximum permissible rate of interest, known as the reference rate, is […]