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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
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
New legislation pertaining to the preconditions for the second instalment of the Cyprus bailout loan
Banking and Secured Financing, Corporate and Commercial Law, Real Estate Law, Trusts, Wills and Succession
On 5 September, the Cyprus Parliament approved a number of laws that were a precondition for the second installment (EUR 1.5 billion) of the bailout loan. read more
Bank of Cyprus: Recapitalisation and exit from resolution
Banking and Secured Financing
The Ministry of Finance and the Central Bank of Cyprus announce that the Bank of Cyprus (BoC) has been fully recapitalised today by the overall conversion of 47,5% of  uninsured deposits into shares in the bank, thus putting an end to a period of uncertainty. This is the final stage of the bank’s resolution process and there will be no further  measures under the Resolution Law.  
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Cyprus - Ukraine new Double Tax Treaty
Taxation Law
Cyprus and Ukraine new double tax treaty will come into force on 1 January 2014 to replace the Cyprus – USSR double tax treaty read more
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