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So far Markou has created 62 blog entries.
10 12, 2022

Court Rules Against Israeli Company in IP Valuation Dispute

2022-12-17T11:20:54+00:00

Israeli Court Rules IP Value is Six Times Higher than Claimed Executive Summary The Tel Aviv District Court ruled in favor of the Israeli Tax Authorities (ITA), who claimed that the intellectual property (IP) which CA Software Israel Ltd. sold back in 2010 was worth ILS667m (rather than ILS111m [...]

Court Rules Against Israeli Company in IP Valuation Dispute2022-12-17T11:20:54+00:00
8 11, 2022

New income tax exemptions for employment income tax circular

2022-12-17T21:57:23+00:00

New income tax exemptions for employment income circular Further to our previous post, the Cypriot Income Tax Law was amended for certain income tax exemptions with respect to employment income. The amended law was voted in the context of the Government’s strategy to attract and retain foreign talent to Cyprus. [...]

New income tax exemptions for employment income tax circular2022-12-17T21:57:23+00:00
18 09, 2022

Taxes in relation to property in Cyprus

2022-12-18T21:18:40+00:00

Taxes in relation to property in Cyprus In Cyprus, there are several taxes that may be applicable to the purchase of real estate. These taxes include transfer fees, stamp duty, value-added tax (VAT), and capital gains tax (CGT). Transfer Fees - Payable by the buyer When a property is [...]

Taxes in relation to property in Cyprus2022-12-18T21:18:40+00:00
5 08, 2022

New income tax exemptions for employment income

2022-12-17T21:58:10+00:00

New income tax exemptions for employment income On 26 July 2022, The Cypriot Income Tax Law was amended for certain income tax exemptions with respect to employment income. The amended law was voted in the context of the Government’s strategy to attract and retain foreign talent to Cyprus. Existing income [...]

New income tax exemptions for employment income2022-12-17T21:58:10+00:00
1 08, 2022

Increased tax deduction for Research and Development expenses

2022-12-16T22:47:00+00:00

Increased tax deduction for Research and Development expenses On 7 July 2022, Article 9(1)(d) of the Cyprus Income Tax (“IT’’) Law was amended to allow a tax deduction for expenditure incurred for scientific research and Research and Development (“R&D”). The said amendments were gazetted in the official Cyprus Government Gazette [...]

Increased tax deduction for Research and Development expenses2022-12-16T22:47:00+00:00
17 07, 2022

Introduction of Transfer Pricing Regulations in Cyprus

2022-12-17T11:54:10+00:00

Introduction of Transfer Pricing Regulations in Cyprus In June 2022, the Cyprus Parliament approved amendments to the Income Tax Law that introduced detailed Transfer Pricing (TP) requirements into the country's tax legislation. These provisions, which are in line with the recommendations of the OECD's Transfer Pricing Guidelines for Multinational [...]

Introduction of Transfer Pricing Regulations in Cyprus2022-12-17T11:54:10+00:00
12 07, 2022

Stamp Duty

2023-01-13T09:29:24+00:00

Stamp Duty Stamp duty is a tax that is imposed on certain legal documents and transactions in Cyprus. The rate of stamp duty varies depending on the type of document or transaction, and examples include the sale of property, the transfer of shares in a company, and the execution [...]

Stamp Duty2023-01-13T09:29:24+00:00
12 07, 2022

Payment of 1st provisional tax installment for 2022

2022-12-16T22:47:03+00:00

Payment of 1st provisional tax installment for 2022 We would like to remind you that the payment deadline for the 1st provisional tax installment for the tax year 2022 is the 31st of August 2022. The timely payment of provisional tax can be made through jccsmart.com, the card payment [...]

Payment of 1st provisional tax installment for 20222022-12-16T22:47:03+00:00
8 07, 2022

Introduction of limited assurance review

2022-12-16T22:49:38+00:00

Introduction of limited assurance review On 9 June 2022, the House of Representatives approved amendments to the Companies Law and to the Assessment and Collection of taxes law (“the laws”). The purpose of the amendments is to simplify the procedure of auditing the Financial Statements of small and medium-sized [...]

Introduction of limited assurance review2022-12-16T22:49:38+00:00
1 07, 2022

Extension to the deadline for the payment of the 2022 annual company levy

2022-08-08T21:13:54+00:00

Extension to the deadline for the payment of the 2022 annual company levy On 30 June 2022, the deadline for the payment of the 2022 annual company levy was extended from 30 June 2022 to 31 December 2022. Should the annual company levy be paid after 31 December 2022, [...]

Extension to the deadline for the payment of the 2022 annual company levy2022-08-08T21:13:54+00:00
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