News & Publications

Amendments To The Income Tax Law

Amendments To The Income Tax Law

As on the 7th July 2022, the Cyprus House of Representatives passed amendments to the Income Tax Law, as follows: Increased deduction by 20% on the actual expenditure incurred on scientific research as...
Update on COVID-19 Measures

July 6th 2022 Update on COVID-19 Measures

In the last days, there has been a world-wide increase in all epidemiological indicators, as well as in the number of hospitalized individuals. The increase in infections is due to BA.4, BA.5 variants...
Transfer Pricing Requirements

Transfer Pricing Requirements

Introduction of Transfer Pricing Documentation Requirements in Cyprus On 30th June 2022 the Cyprus Parliament approved the long awaited amendments to the Cyprus Income Tax Law and new Regulations to introduce Transfer Pricing...

Court Decisions On Amendments To Law

In accordance with Article 140 of the Constitution of the Republic of Cyprus, prior to the publishing of an indented legislation voted by the Parliament, the President of the Republic of Cyprus, is...

Companies Law Update

An important update to the Cyprus Companies Law, Cap 113, has been introduced as of the 9th June 2022, with the aim of simplifying accounting and audit practices for small size companies. These...
Amendments To The Special Contribution For Defence Tax

Amendments To The Special Contribution For Defense Tax

As of the 26th May 2022, the Cyprus Parliament approved amendments to the Special Defence Contribution (“SDC”) Law, whereby the SDC has been lowered to the rate of three percent (3%) relating to...

Protection From Harassment And Stalking

The new law allowing for Restraining Orders before, during and after the Court procedure Since mid-2021 a new legislation was introduced in the Republic of Cyprus, aimed to reinforce and aid the protection...
Permanent Residence And Work Permits

Permanent Residence And Work Permits

As of the 27th May 2022, the Council of Ministers of the Republic of Cyprus has approved new Regulations governing immigration permits which can be granted to individuals coming from 3rd countries (non-EU),...
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