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LEGAL UPDATES
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28.07.2014
Cyprus - Switzerland Double Tax Treaty
Taxation Law
On 25 July 2014, Cyprus signed and ratified an Agreement for the avoidance of double taxation with the Swiss Confederation, with respect to Taxes on Income and on Capital, as well as the relevant Protocol. read more
28.07.2014
New legislation regarding alternative investment funds in Cyprus
Corporate and Commercial Law

On 25 July 2014, the Alternative Investments Funds Law of 2014 (the “Law”) was published in the Republic’s Official Gazette. This new and modernised legislative framework, which governs the establishment and functioning of alternative investment funds (“AIFs”) in Cyprus, is supervised by the Cyprus Securities and Exchange Commission.

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11.07.2014
Amendments to the Immovable Property Tax Law
Real Estate Law, Taxation Law
On 10 July 2014, a new amendment to the Immovable Property Tax Law (24/1980) was approved. read more
24.06.2014
Amendments to the Assessment and Collection of Taxes Law
Taxation Law
A new amendment to the Assessment and Collection of Taxes Law establishes self-assessment for all income taxpayers, in line with the Memorandum agreed between Cyprus and the Troika. read more
24.06.2014
Amendments to the VAT and Tax Collection Law
Taxation Law
The Value Added Law [95(Ι)/2000] and the Tax Collection Law [31/1962] were amended, with the aim of strengthening the powers of the tax authorities, namely the VAT Commissioner and the Director of the Inland Revenue Department (IRD), to ensure payment of outstanding tax obligations. read more
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