News & Views

CJEU Case Update of importance for Cyprus VAT practice – Courtesy of EY

CJEU Case Update of importance for Cyprus VAT practice: Does a Board Member constitute a taxable person for VAT purposes? Director Fees VAT treatment determined on factual specifics with cost savings possible The Court of Justice of the European Union (CJEU) has just released a judgment further clarifying the VAT Treatment of remuneration earned by […]

CIBA SUPPORTED THE CYPRUS IT FORUM held at the Parklane Hotel in May 2019

CIBA was a proud supporter of the CYPRUS IT FORUM where 300+ IT businessmen, investors and government officials got together to discuss the micro- and macro developments in the IT industry. This year the speakers were the CEO’s from the Cyprus largest international IT companies (Nexters Global, Servers.com, Haxus AI Incubator) and world famous guest […]

Payment of temporary tax for the tax year 2019 and final tax for the tax year 2018 – Courtesy of EY

As per the Assessment and Collection of Taxes Law, every company or individual (who derives income other than from emoluments) must pay before 31 July 2019 an estimate of the taxable profit for (corporate) income tax purposes and the resulting tax liability for the year 2019. Even though according to the law, the due date […]

VAT Treatment of Vouchers and Updates relating to Telecom / Electronic Services – Courtesy of EY

Significant Amendments affecting a number of Cypriot businesses The Cyprus House of Representatives passed amendments to the VAT Law as well as issued Regulations which set out the changes in the VAT treatment of vouchers as well as telecommunication and electronically-supplied services to end users. As per the law and in line with the EU […]

EY Seminar – Certifying VAT Knowledge and Application of VAT Provisions

Further to high demand for our VAT Course already held twice both in Nicosia and Larnaca, EY Cyprus will be presenting this active learning session on the practical application of the VAT provisions subsidised by HRDA and accredited by Cyprus Bar Association. This time the VAT Course will take place in Paphos at Annabelle Hotel on 12 & 18 July 2019.