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LEGAL UPDATES
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02.05.2014
Double Tax Treaty between Cyprus and the UAE
Taxation Law
Cyprus and the United Arab Emirates (UAE) signed a Treaty for the avoidance of double taxation and prevention of fiscal evasion on 27 February 2011, which was ratified and became effective as of 1 January 2014.
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31.03.2014
Announcement by the Ministry of Finance - Relaxation of Restrictive Measures on Banking Transactions
Banking and Secured Financing

On 28 March 2014, the Ministry of Finance announced relaxations on the 28th Decree on the Enforcement of Temporary Restrictive Measures on Transactions.

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24.02.2014
Cyprus announces further easing of bank restrictions
Banking and Secured Financing
Further easing of the restrictions on bank transactions were announced on Friday, 21 February 2014. read more
23.01.2014
Cyprus expands its Double Tax Treaty network
In the past weeks Cyprus concluded or ratified new Double Tax Treaties with a number of other countries, a move which will enhance and promote Cyprus’s position as an international centre for investments. read more
06.12.2013
Amendments of the VAT Law and Regulations
On 5 December 2013, the Cyprus Parliament approved amendments to the Value Added Tax Law, as well as the Value Added Tax (General Provisions) Regulations and the Value Added Tax (Transfer of Goods) Regulations, for purposes of compliance with EU Directive 2010/45 amending the basic EU Directive on VAT (2006/112), and setting out certain rules on invoicing. read more
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