Daily Archives: January 2, 2019

Maria Kyriacou speaks at Institute of Certified Public Accountants of Cyprus insolvency seminar

Maria Kyriacou, head of our Nicosia office, was one of the principal speakers at a recent seminar organised by the Institute of Certified Public Accountants of Cyprus for its members on the subject “Private Debt and  Personal  Insolvency”. Maria explained the current legislation on bankruptcy and personal insolvency and the latest developments in rehabilitation schemes

Extension of time for financial institutions to submit corporate tax returns for 2017

The Cyprus Tax Department has announced an extension of the time allowed for banks and other financial institutions to submit their corporate tax returns for the tax year 2017. Unlike other companies, which must submit their tax returns electronically, banks and other financial institutions are required to submit a hard-copy tax return, giving additional details

Reduction of non-performing loans in the Cyprus banking sector

On 11 December 2018 the Central Bank of Cyprus (CBC) published on its website its latest analysis of data on non-performing loans in the Cyprus banking sector, covering the period to 31 August 2018, showing aggregate non-performing facilities (NPFs) and related indicators for the domestic operations of credit institutions operating in Cyprus. Overseas operations are

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