News

VAT REFUNDS

One of the current priorities for the Cyprus Tax Department is to modernise the administration of the tax system, moving away from a paper-based system to a more streamlined electronic system for submitting returns, and for making payments and refunds, both for direct taxes such as income tax and Special Contribution for Defence, and for

Nil returns for FATCA and CRS

The Cyprus Tax Department has issued an announcement to financial institutions that registration to the “Ariadne” Internet portal for submission of FATCA or CRS returns is not obligatory if they have nothing to report, unless they have already registered for the e-submission service. Financial institutions which already registered but have no reportable information must either

Cyprus Securities and Exchange Commission guidance on changes in the persons who effectively direct the business of Cyprus Investment Firms

The Cyprus Securities and Exchange Commission has issued a circular to Cyprus Investment Firms (‘CIFs’) it regulates reminding them of their obligations under Article 32 of the Investment Services and Activities and Regulated Markets Law of 2007 to notify CySEC of any changes in the persons who effectively direct the business of the CIF. Article

Cyprus Tax Department guidance on exchange of information relating to the Common Reporting Standard

The Cyprus Tax Department has published guidance regarding automatic exchange of financial account information and other information relating to the Common Reporting Standard. The “Guidance Notes on Automatic Exchange of Financial Account Information” published on the department’s website, provide detailed, comprehensive guidance in English on the application of international agreements and Cyprus legislation on the

TESTIMONIALS

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
They're transparent and amenable with a clear knowledge of the local market and how to navigate it.
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
Great work with all stakeholders including the government relations both in Cyprus and EU
IFLR 1000 Client Feedback 2019
We have been assisted by Elias Neocleous in the context of capital markets transaction. Mr Demetris Roti was the partner in charge of the matter. We were very satisfied by the work of Mr Roti and his team as well as their ability to work towards tight deadlines
IFLR 1000 Client Feedback 2019

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