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So far Markou has created 63 blog entries.
11 04, 2023

Cyprus Now Offers Paid Leave from Day One for Employees

2023-04-11T11:02:16+00:00

Cyprus Now Offers Paid Leave from Day One for Employees Fixing an Unfair Paid Leave System Cyprus has recently made a change, giving employees the right to paid leave starting from their first day at work. This new law fixes an old problem where employees had to work for [...]

Cyprus Now Offers Paid Leave from Day One for Employees2023-04-11T11:02:16+00:00
4 02, 2023

Basic Information before the Purchase of Immovable Property in Cyprus

2023-02-04T17:24:04+00:00

Basic Information before the Purchase of Immovable Property in Cyprus Before purchasing immovable property Cyprus, it is important to have the right information to make a well-informed decision. The following information should be considered: Three (3) ways to purchase immovable property Purchase of immovable property with [...]

Basic Information before the Purchase of Immovable Property in Cyprus2023-02-04T17:24:04+00:00
12 01, 2023

Implementation of National Minimum Wage in Cyprus

2023-01-12T14:09:53+00:00

Implementation of National Minimum Wage in Cyprus Beginning on January 1, 2023, the National Minimum Wage in Cyprus will be in effect. The relevant Decree issued by the Council of Ministers stipulates a gross starting salary of €855 per month for the first six months of employment. After six [...]

Implementation of National Minimum Wage in Cyprus2023-01-12T14:09:53+00:00
23 12, 2022

Court case raises questions about attribution of intangible-related profits

2022-12-23T10:44:51+00:00

Court case raises questions about attribution of intangible-related profits A recent court case in Sweden has raised questions about how to attribute profits related to intangible assets, like trademarks. The case involved a Swedish company (AB) that paid a Maltese group company (Corp) for the use of a trademark [...]

Court case raises questions about attribution of intangible-related profits2022-12-23T10:44:51+00:00
20 12, 2022

Policy Amendment for Registering Companies of Foreign Interests

2022-12-20T13:57:01+00:00

Policy Amendment for Registering Companies of Foreign Interests The Council of Ministers recently approved an amendment to the policy for registering companies of foreign interests through the Business Facilitation Unit (BFU). This policy pertains to the registration of companies in the Register of Foreign Interest Entities, which is currently [...]

Policy Amendment for Registering Companies of Foreign Interests2022-12-20T13:57:01+00:00
19 12, 2022

Minimum Taxation Directive

2022-12-19T13:43:47+00:00

Minimum Taxation Directive Introduction The European Union (EU) has recently reached an agreement on the Minimum Taxation Directive, which aims to ensure that large companies pay a minimum level of tax in the EU. This directive, also known as Pillar Two, is a set of rules agreed upon by [...]

Minimum Taxation Directive2022-12-19T13:43:47+00:00
18 12, 2022

Individual’s Rates of Tax in Cyprus

2023-01-18T14:40:14+00:00

Individual's Rates of Tax in Cyprus Individuals are subject to the following progressive personal income tax rates: Taxable Income € Tax Rate % Cumulative tax € 0 – 19.500 0 nil 19.501 – 28.000 20 1.700 28.001 – 36.300 25 3.775 36.301 – 60.000 30 [...]

Individual’s Rates of Tax in Cyprus2023-01-18T14:40:14+00:00
18 12, 2022

Individual’s Tax Residence in Cyprus

2023-01-18T12:43:04+00:00

Individual's Tax Residence in Cyprus A physical person is considered tax resident in Cyprus for any calendar year if he/she fulfills any one of the following two tests: Tax Residence tests A. 60 days Physical presence in Cyprus of at least 60 days in [...]

Individual’s Tax Residence in Cyprus2023-01-18T12:43:04+00:00
14 12, 2022

How do I become a tax resident in Cyprus?

2022-12-17T11:18:55+00:00

How do I become a tax resident in Cyprus? A person is considered a tax resident in Cyprus if they are physically present in the country for more than 183 days in a calendar year, or if they are physically present for at least 60 days and meet certain [...]

How do I become a tax resident in Cyprus?2022-12-17T11:18:55+00:00
14 12, 2022

Deemed Dividend Distribution of 31 December 2022

2022-12-17T21:55:52+00:00

Deemed Dividend Distribution of 31 December 2022 We would like to bring to your attention the obligations arising from the deemed dividend distribution (DDD) provisions of the Special Contribution for the Defence Law that will be in effect on December 31, 2022. What profits are within the scope of [...]

Deemed Dividend Distribution of 31 December 20222022-12-17T21:55:52+00:00
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