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Cyprus News

Cyprus Receives EU Approval For Angel Investor Tax Breaks

by Jason Gorringe,, London

Wednesday, February 16, 2022

The European Commission has approved a Cypriot scheme involving the grant of tax breaks to private investors – both natural persons and corporate investors – who invest into early-stage, innovative SMEs. Read Full Story


Switzerland Publishes Review Of 2021 Tax Progress

Thursday, January 20, 2022

As part of its commitment to fighting cross-border tax evasion and profit shifting, Switzerland sent information on over 3m financial accounts in 2021, according to a new review of the Swiss financial center by the State Secretariat for International Financial Matters. Read Full Story


Putin Signs Law To Withdraw From Dutch DTA

by Ulrika Lomas,, Brussels

Wednesday, June 9, 2021

Russia's President Vladimir Putin has signed a law to terminate the country's double tax agreement with the Netherlands. Read Full Story


Cyprus Extends Deadline For Filing 2019 Corporate Tax Returns

by Lorys Charalambous,, Cyprus

Thursday, March 25, 2021

Cyprus has extended the deadline for the submission of corporate tax returns and the TD1A form required from certain self-employed persons. Read Full Story


Cyprus Allows Firms Longer To Pay VAT Due In Feb, March

by Lorys Charalambous,, Cyprus

Monday, February 22, 2021

Cyprus's Department of Taxation has announced businesses will be allowed more time to make their monthly value-added tax payments for the periods ending December 31, 2020, and January 31, 2021. Read Full Story


Russian Duma Approves Changes To Luxembourg And Cyprus DTAs

by Lorys Charalambous,, Cyprus

Friday, January 1, 2021

At its December 22 plenum, Russia's lower house of parliament approved revisions to the country's double tax agreements with Cyprus and Luxembourg. Read Full Story


Cyprus Extends Deadlines For CbC Reports

by Lorys Charalambous,, Cyprus

Tuesday, December 22, 2020

Cyprus's Tax Department has announced an extension to the reporting deadline for country-by-country reports for the year 2019 and notifications for the year 2020. Read Full Story


Cyprus Government Fails To Pass Budget

by Lorys Charalambous,, Cyprus

Tuesday, December 22, 2020

Lawmakers in Cyprus have rejected the 2021 Budget, for the first time in the country's history. Read Full Story


Netherlands, Russia At Loggerheads Over DTA Revision

by Ulrika Lomas,, Brussels

Tuesday, December 22, 2020

Russia's Ministry of Finance has said it is prepared to terminate the Dutch tax agreement if ongoing negotiations fail. Read Full Story


Cyprus Announces More VAT Payment Flexibility

by Lorys Charalambous,, Cyprus

Tuesday, November 17, 2020

Cyprus's tax agency has released a number of statements regarding further value-added tax payment concessions for companies financially impacted by the COVID-19 pandemic. Read Full Story



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