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 […]
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 […]
Elias Neocleous & Co LLC contributes the Cyprus chapter of Global Legal Insights (GLI) – Corporate Tax 2022.
Elias Neocleous & Co LLC is proud to announce the publication of the 2022 edition of GLI – Corporate Tax 2022 which includes an updated Cyprus chapter co-authored by Senior Associate, Elena Christodoulou, Legal Consultant, Fabian Cabeza and Associate Alexis Christodoulou. The chapter includes an overview of the corporate tax market in Cyprus, a summary […]
‘Extremely knowledgeable, strategic and effective’ – Perfection achieved in 2022 Legal 500 EMEA rankings!
The 2022 Legal 500 Europe, Middle East & Africa rankings have been released and for the second consecutive year we are delighted to report that Elias Neocleous & Co LLC has received a Tier 1 rating in all nine categories reviewed. We are the only law firm in Cyprus to achieve this. Legal 500 has […]
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) […]
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 […]
Protocol amending the Double Tax Convention between the Republic of Cyprus and the Swiss Confederation
The protocol amending the double tax convention between the Republic of Cyprus and the Swiss Confederation which was signed on 20 July 2020 in Nicosia, Cyprus came into effect on 3 November 2021 (please see Circular 3/2022). The protocol relates to the avoidance of double taxation in respect of taxes on income and on capital. The […]
New Year’s Eve heralds implementation of amendments to Income Tax Law and to Special Contribution for Defense Law
On 21 December 2021 new provisions amending both the Income Tax Law and the Special Contribution for the Defense of the Republic Law (SCD Law) were published in the Official Gazette of the Republic. The amendments had previously been approved by the House of Representatives and are designed to bolster anti-tax avoidance measures. They take […]
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 […]
Elias Neocleous & Co LLC contributes the Cyprus chapter to “The Legal 500: Tax Country Comparative Guide”
Elias Neocleous & Co LLC is proud to announce the publication of the most recent update of the Cyprus chapter of “The Legal 500: Tax Country Comparative Guide”. The aim of this guide is to provide its readers with a pragmatic overview of the Tax laws and regulations across a variety of jurisdictions. Our chapter […]