17 01, 2021

Ultimate Beneficial Owner (UBO) Register in Cyprus

2021-03-16T14:29:25+00:00

Ultimate Beneficial Owner (UBO) Register in Cyprus Cyprus proceeded with the transposition of the 4th AML Directive (EU 2015/849) and started the implementation of the Ultimate Beneficial Owner (UBO) Register of Companies and other legal entities in Cyprus. Registrar of Companies (RoC) The competent authority for the maintenance of the central [...]

Ultimate Beneficial Owner (UBO) Register in Cyprus2021-03-16T14:29:25+00:00
10 01, 2021

Professional License Fee by Cyprus Municipalities

2021-03-16T14:29:12+00:00

Professional License Fee by Cyprus Municipalities As from 2021, the Committee of the Union of Cyprus Municipalities decided on the adoption of a uniform policy for the imposition of the annual professional license fee to legal entities who carry on any business, trade or profession within each municipality’s limits. [...]

Professional License Fee by Cyprus Municipalities2021-03-16T14:29:12+00:00
8 12, 2020

Cyprus tax measures expected in 2021

2021-03-16T14:29:02+00:00

Cyprus tax measures expected in 2021 On 22 October 2020, the Cyprus Council of Ministers announced certain tax measures to address aggressive tax planning. These measures follow Country Specific Recommendations (CSR) made to Cyprus by the European Commission. WHT to non-cooperative jurisdictions Currently, Cyprus does not impose any withholidng [...]

Cyprus tax measures expected in 20212021-03-16T14:29:02+00:00
15 09, 2020

Amendments to the Assessment and Collection of Taxes Law

2021-03-16T14:28:50+00:00

Amendments to the Assessment and Collection of Taxes Law On 20 of August 2020, several amendments were enacted in the  Cypriot Assessment and Collection of Taxes Law. The amendments aim to improve tax compliance and grant the Commissioner of Taxation increased powers in relation to tax collection. The amendments [...]

Amendments to the Assessment and Collection of Taxes Law2021-03-16T14:28:50+00:00
14 09, 2020

General Anti-Abuse Rule (GAAR)

2021-02-09T20:10:14+00:00

General Anti-Abuse Rule (GAAR) in Cyprus The purpose of the general anti-abuse rule (GAAR) is to discourage artificial arrangements and counteract aggressive tax planning not yet been dealt with through specifically targeted provisions (SAARs). It applies from 1 January 2019 and is in line with the European Anti-Tax Avoidance [...]

General Anti-Abuse Rule (GAAR)2021-02-09T20:10:14+00:00
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