Strength in Depth!  Elias Neocleous & Co LLC heads Gold Magazine Lawyer list.

Complex personal or business transactions often require the input of more than one legal professional. No matter how brilliant an individual lawyer may be, they have a finite capacity for work and are vulnerable to the human frailties that beset us all. That is why Elias Neocleous & Co LLC operates on a departmentalised basis […]

Cyprus adopts 2022 OECD transfer pricing guidelines

The above article has been published on the Lexology platform. Authored by Associate Alexis Christodoulou and Trainee Lawyer, Anna Cheimonidou, the article explains the reforms which have been made to the Income Tax Law (ITL) to ensure compliance with the OECD transfer pricing guidelines for Multinational Enterprises and Tax Administrations. The article addresses the changes […]

The Income Tax Return for the year 2021 is now open for submission

The Tax Department of Cyprus has announced on 8 April 2022 that the submission of personal tax returns for the year 2021 is now open, via TaxisNet. Pursuant to Directive ΚΔΠ 51/2022 issued by the Council of Ministers, there is an obligation on employees, pensioners and self-employed individuals who do not prepare audited financial statements (Form T.D.1) […]

Tightening the net on tax avoidance.

An article authored by Publications Editor Linda Stokes was recently published in the Cyprus Mail. The article examines changes to the Income Tax Law, and the Special Contribution for the Defence of the Republic Law, which are designed to close specific tax loopholes. The full article may be viewed by following this link. For more […]

Tax reform on the horizon for 2022

On 9 December 2021, Finance Minister Constantinos Petrides, as part of his 2022 Budget presentation to the House of Representatives, announced the intention of the Cyprus government to proceed with the first major overhaul of the country’s corporate taxation system for 20 years.  The proposals follow hard on the heels of the global agreement made […]