News
A new Double Taxation Agreement has been added to the wide network of Double Taxation Treaties that Cyprus already has with a large number of countries. Following its emergence as an independent state, Slovenia adopted the double taxation agreement dated 29 June 1985 between the former Yugoslavia and Cyprus. A new double taxation agreement has…
An Agreement between the Republic of Cyprus and the Kingdom of Denmark for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income, was signed on 11.10.2010 in Copenhagen. The document was signed by Cyprus’s Ambassador to Denmark, George C. Kasoulides, and Denmark’s Tax Minister, Troels Lund Poulsen…
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…
As of the 01.05.2009 the restrictions placed on the acquisition of property by EU citizens have been lifted. Since Cyprus’ accession to the European Union on 1st May 2004, property laws have been revised to conform to the provisions of the acquis communitaire. However, in order to protect the property market, Cyprus negotiated a 5 year…
Individuals – Income Tax % Tax Years 1991 – 1995 £ 1996 – 1999 £ 2000 – 2001 £ 2002 £ 2003 £ 2004 – 2006 £ 2007 £ 0% 0 – 2.000 0 – 5.000 0 – 6.000 0 – 9.000 0 – 9.000 0 – 10.000 0 – 10.750 20% 2.001 – 4.000…