Cyprus: Keeping Up with the Cyprus Private Client Sector
Elias Neocleous & Co LLC. is pleased to announce that it is organizing a webinar on matters of interest to the Private Client Sector in Cyprus. Elias Neocleous, Managing Partner, Elina Kollatou and Elena Christodoulou, associates at Elias Neocleous & Co LLC, together with Spyros Ioannou, Tax Partner (Head) of Primus Audit & Tax Limited, […]
Cyprus: Tonnage tax order provides incentives for environmentally friendly ships
Author: Costas Stamatiou, Vassilis Psyrras Firm: Elias Neocleous & Co LLC Publisher: IFLR Link
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 […]
DAC6 –Directive of the Council of EU on mandatory disclosure and exchange of information on cross-border arrangements. Extension to the moratorium on the imposition of administrative fines for overdue submission of information
The Tax Department of Cyprus announced, on 26 February 2021, that there will be no imposition of administrative fines for overdue submission of DAC6 information in the following cases, provided that the relevant information is submitted by 30 June 2021: (a) Reportable cross-border arrangements that were made between 25 June 2018and 30 June 2020, information […]
ESMA proposes rules for Taxonomy-alignment of non-financial undertakings and asset managers
On 1 March, the European Securities and Markets Authority (ESMA), published its Final Report on advice under Article 8 of the Taxonomy Regulation. Article 8 covers the information to be provided by non-financial undertakings and asset managers to comply with their disclosure obligations under the Non-Financial Reporting Directive (NFRD). The recommendations outline the Key Performance […]
Amendment to the Double Tax convention between the Republic of Cyprus and the Federal Republic of Germany
A protocol amending the current double tax convention between the Republic of Cyprus and the Federal Republic of Germany was signed on 19 February 2021 in Nicosia, Cyprus. The protocol relates to the avoidance of double taxation in respect of taxes on income and on capital. The double tax convention with the German Federation is […]
Covid 19: Tax Department introduces measures to allow for the payment of VAT in installments.
On 9 February 2021, the Department of Taxation issued an announcement in respect of Law 5(1)/2021 concerning the payment of VAT due in respect of the tax periods ending on 31 December 2020 and 31 January 2021. The law permits some categories of VAT registered persons to make payment of any VAT due relating to […]
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 […]
