Running for the community

More than 30 members of staff of Elias Neocleous & Co LLC took part in the international “Run in color” 5 km run, which was held in Limassol on 13 October 2018. Run in Colour launched “Lemesia 2018”, a major international sporting event, organised for the nineteenth consecutive year by the Limassol Municipality. All proceeds […]

Submission of 2017 tax returns

The Cyprus Tax Department has published a further reminder that 31 October 2018 is the final date for employees and self-employed individuals with an annual turnover below € 70,000 to submit their tax return for the year 2017 and to pay any tax due for the year. Tax returns and remittances must be submitted electronically. […]

The Cyprus Securities and Exchange Commission’s new Innovation Hub

In July 2018 the Cyprus Securities and Exchange Commission (“CySEC”) announced its plan to establish an Innovation Hub focusing on FinTech and RegTech developments, aimed at fostering a closer, more effective relationship with entities operating in these rapidly-evolving sectors and improving the way they are regulated. Through the Innovation Hub both regulated and non-regulated entities […]

Entry into force for Cyprus of the Ballast Water Management Convention

The Cyprus Deputy Ministry of Shipping (DMS) has announced that the International Convention for the Control and Management of Ships’ Ballast Water and Sediments (Ballast Water Management Convention) will enter into force for the Republic of Cyprus on 8 November 2018 pursuant to Article 18.3 of the Convention. A translation into English of the law […]

Electronic submission of corporate income tax returns

The Cyprus Tax Department has announced that with effect from 20 September 2018 corporate income tax returns for the tax year 2017 may be submitted online through the Taxisnet portal. Returns must be submitted by 31 March 2019. For further information please contact Constantinos Christofi or your usual contact at Elias Neocleous & Co LLC.

Introducing our newly-qualified associates and trainees

Our people are our most important asset, and key to providing the best service and advice to clients. We believe in developing our talent from within the firm: we recruit the best graduates from leading universities, provide them with the best training and support and offer them unlimited career prospects. We congratulate our 2017 cohort […]

Removal of Palau from EU list of non-cooperative tax jurisdictions

On 2 October 2018 the committee of European Union finance ministers agreed to remove the Pacific island of Palau from the EU list of non-cooperative tax jurisdictions not meeting required standards of transparency and good practice. When it was issued in December 2017 the EU blacklist included 17 jurisdictions, but several have been removed after […]

International Insurance Law and Regulation

Author: ANTONIS GLYKIS Law Firm: Elias Neocleous & Co LLC Publisher: Thomson Reuters Legal Solutions USA Practice area: LITIGATION, DISPUTE RESOLUTION AND ARBITRATION