Monthly Archives: June 2018

Payment of tax liabilities

One of the Cyprus Tax Department’s main current priorities is to streamline and modernise its processes and make it more convenient for taxpayers to deal with the department by facilitating electronic submission of tax returns and payments, so removing the need to visit a tax office. Electronic submission of income tax and VAT returns is

Amendment to the VAT Law

The VAT Law has been amended to provide for the reduced rate of VAT of 9 per cent to apply to non-exempt supplies provided by nursing homes. The Value Added Tax (Amendment) (No. 2) Law of 2018, Number 60(I) of 2018, amends the Twelfth Annex to the VAT Law of 2000 to 2018 to include

Kyriacos Xenophontos elected to the committee of STEP Cyprus

At the recent annual general meeting of STEP Cyprus, the local branch of the Society of Trust and Estate Practitioners, Kyriacos Xenophontos, partner in the firm’s private client and corporate departments, and CEO of affiliated Neocleous Trust company, was elected as a member on the board of directors of STEP Cyprus. Since its foundation in

Cyprus Securities and Exchange Commission regulatory priorities for the second half of 2018

The Cyprus Securities and Exchange Commission (CySEC) has recently announced its main priorities for the second half of 2018 in the context of its regulatory responsibilities to ensure maximum investor protection and the healthy development of the securities market. CySEC’s principal objective for 2018 is to establish, monitor and sustain a healthy and stable environment

VAT refunds

The Cyprus Tax Department has announced that its new system for electronic payment of VAT refunds by bank transfer will shortly be in operation. In preparation for the new system, taxable persons who have VAT refund requests awaiting examination or who anticipate submitting refund requests in the future should complete form T.F. 1900 2017 with

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Deal makers, professionals and service oriented.
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Very  responsive and provided excellent guidance on issues of Cyprus law relevant in the transaction on which they represented us.
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I recently completed the sale of my house in Cyprus with Elias Neocleous & Co LLC and I just wanted to tell you how impressed I was with your Property lawyer who handled the matter. Her professional, calm and measured approach was amazing and really reassured us when things were not that straight forward. As a solicitor of some 40 + years in the private sector I must say that I rarely came across a young lawyer with such a combination of professional and personal qualities. This lawyer is a real asset to your firm!
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Great work with all stakeholders including the government relations both in Cyprus and EU
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They're transparent and amenable with a clear knowledge of the local market and how to navigate it.
IFLR 1000 Client Feedback 2019

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