The application of the accelerated capital allowance rates was extended by two more years (previously applicable until the tax year 2016), following the publication of the relevant legislation in the Official Gazette of the Republic of Cyprus on 24 November…
On 22 September 2017 the Tax Department issued Interpretative Circular 2017/8 clarifying the conditions for securing tax residency status based on the 60-day rules, as well as the applicants’ obligations and responsibilities. Interpretation Circular No. 8 provides that in order…
Issue on 30th of June 2017/Effect as from 1st of July 2017. The Circular applies to Companies that carry out group financing transactions and have Cypriot Tax residency or are non-Cypriot Tax resident companies and have a permanent establishment in…
On 14 July 2017 the House of Representatives voted into law, an amendment to the definition of “Cyprus tax resident individual” as per the Income Tax Law. More specifically, as of 1 January 2017, an individual who: does not spend…
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