News

Extension of submission date for employee tax returns

The Cyprus Tax Department has announced an extension of the date for submission of the Employee Income Statement for the tax year 2016. Printed forms must be submitted no later than 2 May 2017 and returns submitted electronically via the “Taxisnet” system must be submitted no later than 30 September 2017. In every case, both

Seminar on recovery and restructuring

On 5 April a team from our firm, led by Maria Kyriacou, head of our Nicosia office, presented a seminar for senior personnel of one of the leading local banks on the topic of dealing with problem debt. The presentation covered all the options available to banks, from informal restructuring and performance improvement to formal

Final date for submission of VAT returns in paper form

The Cyprus Tax Department has announced that, in view of the planned implementation of submission of VAT returns in solely electronic form from 2 May, and given that 29 and 30 April and 1 May are public holidays, taxpayers wishing to submit VAT returns for the quarter ending 31 March 2017 in paper form must

Cyprus: Corporate tax and the new EU Anti-Tax Avoidance Directive

Over the past few years Cyprus has demonstrated its commitment to tackling harmful tax practices and to complying with best practice as laid down by the Organization for Economic Cooperation and Development and other international bodies. Cyprus has already incorporated the anti-avoidance provisions of the new EU Parent Subsidiary Directive into domestic law, giving the

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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
Deal makers, professionals and service oriented.
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
To the point, very helpful and complement advice. Was always aiming to get it done in an efficient and timely manner. Delivered results despite some obstacles in between.
IFLR 1000 Client Feedback 2019
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

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