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Posted in News, News for Cyprus
Cyprus Tax News: VAT on hospitality and transport temporarily reduced to 5%
As part of its efforts to boost the coronavirus-stricken economy, the Cyprus government has temporarily reduced the VAT rate that applies to certain services in the tourism, restaurants, and transport industries from 9% to 5%.
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Posted in News, News for Cyprus
Cyprus Tax News: Amendments to the NID provisions of the Income Tax Law
The revised NID provisions enhance the tax benefits for Cyprus companies financing their operations through new equity, are in line with the recommendations of the European Commission, and offer additional clarity for taxpayers.
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Posted in News, News for Cyprus
Cyprus Covid -19: Economy support measures
Support Package (May 2020), Announced by the Republic of Cyprus…
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Posted in News, News for Cyprus
Cyprus Tax News: Tax Update Extended Deadlines
In accordance with a Decree issued on 5 June 2020, the following deadlines are extended to 30 October 2020…
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Posted in News, News for Cyprus
Cyprus Covid – 19: Additional Economic Measures for small and medium enterprises
On the 27 May 2020, the President of Cyprus, Mr. Nicos Anastasiades, addressing the people of Cyprus, announced additional economic measures aimed at assisting and support small and medium sized businesses totaling €1.2 billion.
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Posted in News, News for Cyprus
Cyprus Covid – 19: Updates on Support Schemes
On the 22 May 2020, the Cypriot House of Representatives voted two important government bills into law within the framework of the plans to support the Cypriot economy. Specifically, the new laws in place concern…
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Posted in News, News for Cyprus
Cyprus Covid – 19 Update: Gradual Unlocking of Quarantine Measures
On the 29 April 2020, the Council of Ministers decided the gradual “unclock” of certain measures it had taken in relation to containing the spread of the pandemic outbreak. As decided, the unlock and easing of measures will take place in gradually and in stages.
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Posted in News, News for Cyprus
Covid – 19 Update: Extension of Support Schemes & Revised Measures in Cyprus
On the 8 April 2020, the President of the Republic of Cyprus during his speech addressed to the people of Cyprus declared some extensions to the already announced measures that the Republic is implementing in…
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Posted in News, News for Cyprus, News for Greece, TAX LAW PRACTICE
Article: Commission waives customs duties and VAT on the import of medical equipment
The European Commission has published a decision helping Member States affected by the coronavirus pandemic to temporarily suspend customs duties and VAT on protective equipment, testing kits or medical devices…
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Posted in News, News for Cyprus
Cyprus & Covid 19 Measures: Further updates issued by the Ministry of Labour and Social Insurance
On the 3 April 2020, the Minister of Labour and Social Insurance (“MLSI”) announced important changes based on the guidelines and measures previously issued in relation to the Support Schemes for employees, businesses and employers.
