We would like to bring to your attention that the Council of Ministers approved the new amended regulations of the Cyprus Investment Programme (CIP) which shall be voted by the House of Representatives in Cyprus. One of the main changes being the provision of examining the citizenship applications in conjunction with the Money Laundering legislation…

According to the Cyprus Income Tax Laws, all companies that will have taxable income for tax year 2020 should submit to the Tax Authorities by 31 July 2020, a temporary tax return form (T.D6), based on their estimated taxable profits for the current year and pay the temporary tax in two equal instalments before or…

Having successfully dealt with the Covid-19 pandemic with excellent epidemiological results and one of the lowest ratios of coronavirus cases per capita in Europe, Cyprus is ready to welcome travellers to the island.

On 2 June 2020, an amending Income Tax Law was published in the Official Gazette with respect to tax relief on rental income. The amendment was voted to support the Cyprus economy following the COVID-19 outbreak and provides a tax incentive to landlords (individuals or companies) so as to voluntarily reduce the rent charged to…

Extended deadline for the submission of 2019 personal income tax returns (IR 1) and for the payment of tax We would like to inform you that in accordance with a Decree issued on 5 June 2020, the following deadlines are extended to 30 October 2020: Electronic submission of the 2019 personal income tax return by…

Areti Charidemou & Associates LLC wishes to inform its Clients that on 16/03/2020 the Members and the President of the Supreme Court of Cyprus, in the presence of the Minister of Justice and Public Order, the Attorney General and the President of the Cyprus Bar Association, unanimously, decided the following measures, amongst others, in order…