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 […]

Publication of the official guidelines for the implementation of DAC6 in Cyprus

On the 29th October 2021, the Ministry of Finance published in the Official Government Gazette the relevant Decree based on article 22Z on Administrative Cooperation in the Sector of Taxation Amending Law of 2021 (Κ.Δ.Π. 438/2021) (the “Decree”) governing the local implementation and regulation of matters pertaining to reportable cross-border arrangements based on the European Union […]

ADIT exam successes!

A man of many talents, our Finance Director, Constantinos Christofi, has now added success in all stages of the Advanced Diploma in International Taxation (ADIT) examinations to his list of accomplishments.  Elias Neocleous & Co LLC is delighted to congratulate him on this excellent achievement. Happily, however, Constantinos is not the only member of staff […]

Further extension of DAC6 deadline

On the 3rd of June 2021, the Tax Department issued an announcement stating that there will be no imposition of administrative fines for the overdue submission of DAC6 information until the 30th of September 2021. This is a further extension to the one granted by the Ministry of Finance on the 26th of February 2021, […]