Duration of validity of Cyprus cheques

The Central Bank of Cyprus announced that as of the 01.03.2011 the duration of the validity cheques issued will be reduced from the current 6 months to 3 months as of the date of the issue of the cheque. This decision affects cheques issued as of the 01.03.2011 and applies equally to government issued cheques…

New Publication: VAT on Cyprus Property

Any additional expense to the price of property can make a considerable difference as to its affordability. Buyers must therefore take special care to confirm whether the property they are considering purchasing is subject to Value Added Tax (VAT)  and if so, whether the purchase price quoted includes the VAT. What type of Immovable Property…

Cyprus – India Double Tax Treaty

Cyprus has one of the most favourable double tax treaties with India for the avoidance of double taxation and the prevention of fiscal evasion. The tax treaty offers benefits such as exemption from capital gains tax. As a result of the benefits offered, an ever increasing proportion of investment into India has been channelled through…

Cyprus Property Transfer Fees

Property Transfer fees are imposed by the Department of Land and Surveys in order to transfer ownership of preoperty to the name of the purchaser. The transfer fees are due for payment when the transfer of the title deed in the name of the purchaser takes place. The Purchaser is solely responsible for the payment…

Cyprus Income/Company Tax Rates 1991 – 2008

General 1.         The taxable earnings, where imported into the Republic, from the export of locally made or produced products (excluding petroleum product), are taxable up to the 2002 at ½ rates. 2.         Companies which introduced shares into the Cyprus Stock Exchange for the first time, following the 10.7.1998, are taxable for the 4 tax years…