In October 2016, the Income Tax Law in Cyprus underwent changes concerning the Intellectual Property (IP) regime and the introduction of a new regime that corresponds to the latest international developments in the field of taxation of income from Intellectual Property. The main changes to the IP regime include the introduction of transition rules to …
The Intellectual Property law & regime in Cyprus Read More »
Limassol is one of the most important trading centers in Cyprus, in which there are also located two large seaports – the old and the new. The new port, which is the quay for deep-sea yachts, was opened for public access in 2014. It has the largest commercial and passenger traffic in the Republic of Cyprus. …
In September 2015, the Cypriot Government issued the Amended Transfer and Mortgage Properties Law No 139(1)/2015, in order to assist property owners who were unable to get their Title Deed (certificate of ownership) despite fulfilling their contractual obligations with the seller, referred to as ‘enclaved’ or ‘trapped’ buyers. There can be a number of reasons …
Access Info Europe and seven Cypriot civil society organizations have raised concerns with the Cyprus government that a future access to information law would violate European standards if adopted in its current form, as it blocked access to unclassified information. The organizations warned the exceptions to transparency were seriously out of line with the Council …
Access to information law failing to meet European minimum standards Read More »
On March 10, 2017 the Tax Department issued a long-awaited circular on the procedure to be followed by individuals requiring certificates of tax residence in Cyprus. Tax residence certificates may be required for the purposes of claiming exemption or relief from overseas taxes, especially in respect of income from sources outside Cyprus. The tax authorities …