Publications

PAYROLL ALERT Wages: Accepted methods for payment The Protection of Wages Law of 2007 (the “Law”), as amended in 2022, specifies the permissible methods for payment of wages, which according to the Law are the following: 1. Payment to

Deemed dividend distribution due end of 2023 Cyprus tax resident companies must declare at least 70% of their 2021 accounting profits by 31 December 2023 and pay the resulting Special Contribution for Defence of 17% and National Health

CYPRUS TAX SYSTEM 2022Read our article about Cyprus as an international business center, where we outline the major advantages of using Cyprus as an International Business, such as:Corporate tax rate A holding company jurisdiction Trading in securitiesNon-resident companiesWe make interesting

Beneficial Owner Register  1) The Legal Framework  On 20 May 2015, the European Council issued Directive (EU) 2015/849 (the "4th Anti-Money Laundering Directive"). The 4th Anti-Money Laundering Directive requires Member States to keep a central register of the

TAX INFORMATION 1/2021 Directive on Administrative Cooperation 6 (DAC6) DAC6 refers to the mandatory automatic exchange of information on potentially aggressive tax planning, cross border arrangements. It is expected to be enacted in Cyprus within the following months

TAX INFORMATION 3/2016 Immovable Property Tax On 14 July 2016, the House of Representatives voted changes to the Immovable Property Tax Law. According to the changes the immovable property tax for year 2016 is reduced to 25% of the