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Tax

Cyprus – Special Scheme for Innovative Businesses

01/03/2017,
Earlier this month, the Cyprus government approved a new scheme aimed at attracting innovative start-ups to establish their business operations in Cyprus and thus benefit from its advantageous tax regimes offered to individuals and companies, whilst at the same time contributing to Cyprus’ economy and
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Cyprus – Notional Interest Deduction Scheme

18/08/2016,
By way of Circular No. 2016/10 issued by the Cyprus Tax Authorities on the 1st August 2016, further information and clarifications were given as to the application of this Scheme and the interpretation of its various terms and definitions, which are expected to provide valuable guidance as to
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Cyprus – Amendments to the Immovable Property Tax Law

28/07/2016,
By a decision of the House of Representatives in July 2016, amendments have been made to the Immovable Property Tax Law (the “Property Tax”). The amendments have been published in the Official Government Gazette as of the 25 July 2016 and have taken effect as of that date, and
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Cyprus – Tax Rulings

24/05/2016,
The law firm of G. Vrikis & Associates LLC would like to inform you that in accordance with the Decree issued by the Council of Ministers regarding the imposition of a fee for the issuance of a tax ruling in late April 2016, the Tax Authorities have now announced further details in relation to the...
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Cyprus – New Double Tax Treaties and Amendments to Existing ones

01/03/2016,
Cyprus has been hard at work at expanding its network of Double Tax Treaties, high significant success. As of 2015, Cyprus has concluded three (3) new Doubt Tax Treaties with:
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Introduction of “Non-Dom” Rules

31/07/2015
The new non domiciled rules were introduced to further entice corporate executives and high net worth individuals (currently entitled to a 50 per cent tax exemption of personal income tax for a five-year period where income exceeds €100.000) to take up residency in Cyprus.
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