There are several new tax measures that are already incorporated into Cyprus legislation, which will take effect in 2014. EuroAudit highlights the key measures for corporations and individuals alike to take note. Contributions to social insurance funds The contribution to…

The official rate of interest has been set to 4.5% from 1/1/2014

The Cyprus Ministry of Finance and the Central Bank of Cyprus have announced that the Bank of Cyprus (BoC) has been fully recapitalised by the overall conversion of 47.5% of uninsured deposits held at the bank into equity, putting an…

Gold Magazine lists EuroAudit as one of the “Top 50 Accounting, Audit & Tax Advisory Firms in Cyprus” A survey conducted by Gold Magazine recognizes the 50 outstanding Accounting, Audit & Tax Advisory Firms in Cyprus reflecting pre eminence,outstanding work and…

Income Tax – Corporate tax increases to 12.5% with effect 1 January 2013 – Where the operations of one credit institution are transferred to another pursuant to the Resolution of Credit and other Institutions Law, the credit institution acquiring these…