British Virgin Islands, Costa Rica, Marshall Islands and Russia Added to EU List of Non-Cooperative Jurisdictions For Tax PurposesThe EU continues to promote fair tax competition and address harmful tax practices. The Council today decided to add British Virgin Islands, Costa R... Tax Articles15 Feb, 2023233
The European Union Has Adopted a Plan For a Global Minimum 15% Tax on Big BusinessOn 15 December 2022, the EU Council reached unanimous agreement to implement the EU Minimum Tax Directive.Tax Articles17 Dec, 2022342
Significant Changes In The Cypriot Tax Legislation Regarding Granting Of Exemption On Employment Income Earned By Persons Who Were Not Previously Tax Residents Of CyprusOn 14 July 2022, the House of Representatives passed amendments to sections 8 (21) and 8 (23) of the Income Tax Law (“the Law”), that provide for a ... Tax Articles14 Jul, 20221029
Changes In The Cypriot Tax Legislation For Investments In Small Or Medium Innovative BusinessesOn 14 July 2022, the House of Representatives passed amendments to section 9A of the Income Tax Law (“the Law”), that provides for a deduction from ... Tax Articles14 Jul, 2022743
Changes In The Cypriot Tax Legislation On Granting Allowances For Expenditure On Scientific Research And For Research And DevelopmentOn 7 July 2022 the Cypriot House of Representatives amended the provisions of the income tax laws for granting allowances on any expenditure incurre... Tax Articles07 Jul, 2022801
Introduction of Legislation on Transfer Pricing Documentation Requirements in CyprusOn 30 June 2022 the Cypriot House of Representatives approved legislation for the introduction of requirements for transfer pricing documentation in... Tax Articles30 Jun, 2022847
Amendment to the Special Defence Contribution Law of Cyprus on Interest ReceivedThe law has been amended so that now both individuals and companies can benefit from the reduced rate of 3% on interest income received.Tax Articles26 May, 2022817
Introduction of Transfer Pricing Documentation Requirements in Cyprus – Current StatusOn 18 June 2021 the Cypriot Ministry of Finance has sent to the House of Representatives bills for the introduction of requirements for transfer pri... Tax Articles10 May, 2022887
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