Cyprus Parliament has recently passed amendments of the legislation regulating the traffic of bicycles and other Personal Mobility Devices (see Laws 135 (I)/2022 & 136 (I)/2022) by which new traffic offenses have been established in Cyprus (by way of example, for the use of a bicycle without a protective helmet), in addition to the legislation...Read More

On 14 July 2022, the House of Representatives passed the following amendments to the Income Tax Law (“ITL”): Amendments to articles 8(21) and 8(23) of the Law,that provide for a 20% or 50% exemption fromincome tax for individuals that take up firstemployment in Cyprus. Amendments to article 9A of the Law, that providesfor a deduction...Read More