Monthly Archives: July 2013

New laws voted by the Cyprus house of representatives

The Cyprus Parliament has voted on Thursday 12 July 2013 a number of amendments to the Laws in an attempt to comply with the Cyprus Memorandum requirements. The most significant tax laws voted are the following:

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THE CYPRUS ROYALTY REGIME

In May 2012, Cyprus introduced changes in Income Tax law which constitute Cyprus as the ultimate royalty jurisdiction, enabling it to compete successfully with other established jurisdictions like Luxemburg, Netherlands etc. The main features of the Cyprus IP box are … Continue reading

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Double Tax Treaty between Cyprus and Ukraine enters into force

The Tax treaty signed between Cyprus and Ukraine on 8 November 2012 for the avoidance of double taxation and the prevention of fiscal evasion enters into force as from 1 January 2014 following its ratification by the Ukrainian Parliament on … Continue reading

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Immovable property tax 2013

Immovable property tax is charged on all immovable property situated in the Republic. The tax is imposed on the market value of immovable property as at 1 January 1980 and it is calculated on the value of the property as … Continue reading

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