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This is a tax update in reference to the new circulars issued by the Tax Authorities, 6/2023 and 7/2023 in reference to Transfer pricing studies. Technical circular 6/2023Simplification measures for persons exempted from the obligation to comply with the documentation in a Cyprus Local File based on paragraph (9)(a) of article 33 of the Income […]
This brief memo is to remind you that, the Laws that were implemented in December 2021, aiming to prevent aggressive tax planning, are effective as of 31 December 2022. The new measures have been implemented by EU Member States against EU-blacklisted jurisdictions. As per the new Law, Cyprus Companies, under certain conditions, explained here below, […]
The Government of Cyprus has developed “CYPRUS VISION 2035”, a long-term strategy for sustainable growth for the Island. It’s main objective is to transform Cyprus to be one of the world’s best countries to live, work and do business in. This will be achieved by becoming a dynamic and competitive economy. Driven by research, scientific […]
