Payment of VAT and other tax liabilities by Internet banking

The Cyprus Tax Department has announced that payments of VAT and of instalments under the Process of Adjustment of Tax Arrears Law of 2017 can now be paid via Internet banking. Currently four banks offer Internet payment of tax liabilities, but the Tax Department expects to extend the service to other banks shortly.

Amendments to the Process of Adjustment of Tax Arrears Law of 2017

The Process of Adjustment of Tax Arrears Law of 2017, Law 4(I) of 2017, established a procedure for settling tax arrears by monthly instalments, providing up to 95% waiver of interest and penalties and covering all nationally imposed taxes, including income tax, VAT, SDC tax, capital gains tax, stamp duty and special contribution payable by

Vistra 2020 “The Uncertainty Principle”

Kyriacos Xenophontos, a partner in our firm and head of our affiliated trust company, was one of the three expert panel members invited to give their views on Cyprus’s services, legal and regulatory sector at the Vistra 2020 seminar held in Limassol on 28 September. Vistra is an international leader in the field of trust,

Introducing our new trainee lawyers

Our people are our most important asset, and key to providing the best service and advice to clients. We believe in developing our people 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. Our 2016 cohort of graduate


Very  responsive and provided excellent guidance on issues of Cyprus law relevant in the transaction on which they represented us.
IFLR 1000 Client Feedback 2019
We have been using Neocleous for more than 10 years. We are very satisfied with their performance. They can support all the areas we may need help in. They have lawyers for all the practice areas. They are well educated and very fast on the job.
IFLR 1000 Client Feedback 2019
Deal makers, professionals and service oriented.
IFLR 1000 Client Feedback 2019
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!
Property Client
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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