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 […]
New deadline for submission of 2019 Tax Returns.
On 12 March 2021, a decree from the Minister of Finance was published in the Official Gazette of the Republic. The decree extends the deadline for the submission of the 2019 Tax Returns for companies (T.D.4) and for self-employed individuals who are obliged to prepare audited accounts (T.D.1 self-employed). The new deadline for submission of […]
Cyprus launches UBO register
Author: Elena Christodoulou, Fabian Cabeza Firm: Elias Neocleous & Co LLC Publisher: International Law Office Download
Taxation of cross-border investments in and from CEE countries 2020 – Cyprus
Elias Neocleous & Co LLC is proud to have contributed the Cyprus content of a new publication, the ‘‘Taxation of cross-border investments in and from CEE countries 2020 – Cyprus’’. The publication is a project coordinated by Loyens & Loeff, and it provides a comprehensive overview of the current state of play in Cyprus with […]
Interpretation and application of the general anti-abuse rule of the Parent-Subsidiary Directive
Elias Neocleous & Co LLC is proud to have contributed the Cyprus content of a new publication, the ‘‘Overview of EU Member States and Switzerland’. The publication is a project coordinated by Loyens & Loeff, and it provides a comprehensive overview of the current state of play on the interpretation and application of the PSD […]
Tax Department clarifies tax status of permanent establishments and legal persons during COVID-19 pandemic
Author: Elena Christodoulou Firm: Elias Neocleous & Co LLC Publisher:International Law Office Download
Tax incentives for investments in innovative businesses.
Cyprus Investment Firms – commercial collaboration with third parties
The Cyprus Securities and Exchange Commission (‘CySEC’) has recently issued a circular (C217 dated 26 June 2017) to Cyprus Investment Firms (‘CIFs’) it regulates regarding commercial collaboration with third parties, for example to promote the CIF online, to use the third party’s website as a portal for displaying promotional and advertising content or to host […]
Cyprus Securities and Exchange Commission guidance on changes in the persons who effectively direct the business of Cyprus Investment Firms
The Cyprus Securities and Exchange Commission has issued a circular to Cyprus Investment Firms (‘CIFs’) it regulates reminding them of their obligations under Article 32 of the Investment Services and Activities and Regulated Markets Law of 2007 to notify CySEC of any changes in the persons who effectively direct the business of the CIF. Article […]
The effects of Russian de-offshorisation legislation on the Cyprus UHNWI sector
Citywealth, the leading portal for ultra-high net worth clients and their advisers and managers working in the private wealth sector, recently included an article on the latest developments in the UHNWI sector in Cyprus, drawing extensively on the views of Elias Neocleous, managing partner of our firm. The article focused on the changes that have […]