BVI, Costa Rica, Marshall Islands and Russia now listed as EU-non cooperative jurisdictions for tax purposes.
On 14 February 2023, the Council of the European Union (“EU”) announced that British Virgin Islands (“BVI”), Costa Rica, Marshall Islands and Russia have been added to the list of EU non-cooperative jurisdictions for tax purposes (known as the “blacklist”). The blacklist now consists of the following 16 jurisdictions: American Samoa Fiji Samoa Anguilla Guam […]
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 […]
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 […]
Elias Neocleous & Co LLC shortlisted for 2022 ITR EMEA Tax Awards!
The shortlist for the annual ITR EMEA Tax Awards has been released and we are delighted to announce that our firm has once again been included in two categories. Specifically, Elias Neocleous and Co LLC is shortlisted in the categories “Cyprus Tax Firm of the Year” and “Cyprus Transfer Pricing Firm of the Year”. The […]
Protecting your legacy through a Cyprus Trust
The above article was featured in the imh published Eurobank Cyprus Journal of Wealth Management 5th edition. Authored by Senior Associate, Elena Christodoulou and Associate, Alexis Christodoulou the article explores the trust regime in Cyprus. In particular it focuses on the salient features and advantages of using a Cyprus International Trust to safeguard personal wealth. […]
‘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 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 […]
Environmental and social factors will become central to all business operations.
The Cyprus Mail recently interviewed Managing Partner, Elias Neocleous, about his attitude, and that of the firm, to the concept of sustainability. In the interview Elias expressed his view that sustainable business practices and corporate social responsibility are not only desirable in themselves, but they are also essential for the long-term survival of any business. […]
