News & Views

Announcement by the Cyprus Government – Vaccination Portal

The Ministry of Health informs  here in English that the upgrading of the Vaccination Portal has been completed, in order to better serve citizens.  Following approval by the National Vaccination Committee, the appointment arrangement for the Johnson & Johnson single-dose vaccine can be arranged after two months have elapsed since the first dose.  At the same […]

Announcement by the Cyprus Government – VAT

Payment of VAT in installments for the period ending on 31/12/2021 Based on an announcement of the Ministry of Finance here dated 9/2/2022, the Tax Department informs that, it is possible for Taxpayers to pay the due VAT resulting for the period ending on 31/12/2021 in (3) equal instalments payable on 10/2/2022, 10/3/2022 and 10/4/2022, without […]

** Revised ** Announcement of the Ministry of Health for the decisions of the Council of Ministers – 2/2/2022

The Council of Ministers in its session today decided here in Greek: from 4 February 2022, the lifting of the ban on children without a history of vaccination aged 12-17, in restaurants, cafes, theaters, cinemas, theaters. Admission to these areas will be permitted upon presentation of a 72-hour negative PCR or Rapid Test, provided they […]

Clarifications by the Ministry of Health on the procedure for implementing the measure “test to stay” in primary and secondary education

The Ministry of Health clarifies here, the “test to stay” procedure changes for students who are close contacts of a positive case and have completed their vaccination scheme or have a certificate of recovery and the 90-day period has not elapsed. This change applies to those students who are close contacts of a confirmed positive case […]

FDI Guide: Now Live

The Foreign Direct Investment Guide is now live. Read here.  The FDI Guide is the latest in our digital series, which will be followed by the sector guides listed below in the weeks ahead.  Upcoming Sector Guides Banking & Financial Services/Investment Funds Construction & Real Estate Energy: Oil & Gas Energy: Renewables Research & Innovation […]

FAQ to the Circular 3 on Back-to-Back Financing Transactions – Courtesy of KPMG

On 24 January 2022, the Cyprus Tax Department published a list of frequently asked questions that clarify certain provisions the Interpretive Circular 3, dated 30 June 2017, titled “Tax treatment of intra-group back-to-back financing transactions” (Circular 3). About Circular 3 Circular 3 applies to Cyprus tax resident companies and to permanent establishments of foreign companies […]

Announcement by the Ministry of Health regarding the decisions of the Council of Ministers – revised protocols

The Minister of Health within his speech today (full speech here in English) announced that the Council of Minister has approved the following: (α) as of 28 January 2022, the replacement of the PCR laboratory test with rapid antigen tests (rapid test) on the 7th day as referred to in the protocol for management of close […]

Looking Back – Moving Forward: CIBA Letter by General Secretary as Y2022 begins

As 2022 begins, we take the opportunity to share our outline on last year’s key highlights. To this end, please see attached and below in a more read-friendly format a letter addressed to you, our members of the Cyprus International Businesses Association. CIBA Letter from General Secretary for Year 2022 Thank you for your constant […]