The Cyprus Tax office announced the 10-year government bond yield rates as at 31/12/2020 for a number of countries. These rates increased by 5% (the reference rate) can be used for calculating the notional interest deduction on new equity introduced in the business (01/01/2015 onwards). The choice of country depends on where the new equity has been invested. The NID is restricted to 80% of […]
The Cyprus income tax office has recently issued the application Guidance nu 4/2020 dealing with the application of the relevant articles of the law on tax residency and PE considering Covid 19 pandemic. As per the Guidance the period from 21 March 2020 to 9 June 2020 is determined as the time period were restrictions on travelling in/out of Cyprus applied and as such this […]
Our Firm is the winner in the category of Transfer Pricing Advisory Firm of the Year in Cyprus – 2020 of Global Advisory Experts (GAE) www.globaladvisoryexperts.com awards. After an extensive nomination and research process and based on client testimonials, key transactions, rankings, overall reputation, publication contributions, speaking engagements and the performance and standing of teams and individual advisory experts the GAE organisation has chosen our Firm as the […]
The provisions of the Cyprus Tax law for the treatment of intangible assets have been amended on 14/08/2020, retrospectively from 01/01/2020. The amendments as explained below they enhance the attractiveness of the regime by: abolishing any tax on the gain realized on the disposal of the intangible assets (even on the capital allowances claimed as tax deduction) and; provide flexibility to taxpayers on the claim […]
