News & Views

The House of Representatives voted a new law (L. 4(I)/2017) regarding the procedure for the settlement of overdue tax liabilities. This law was published in the Official Gazette of the Republic (“Gazette”) on 03/02/2017 and will enter into force as of the date that the Commissioner of Taxation publishes the relevant notification in the Gazette. […]

Read MorePROCEDURE FOR THE SETTLEMENT OF OVERDUE TAX LIABILITIES – COURTESY OF EY

Overregulation may damage business in Cyprus by Chris Koufaris To read the full article in Successful Business Magazine, follow the link here below:- https://issuu.com/brochvk.pdf/docs/sb24_issuu_/82

Read MoreINTERVIEW – CHRIS KOUFARIS GENERAL SECRETARY CIBA – SUCCESSFUL BUSINESS MAGAZINE

The Tax Department would like to inform you that online registration to the V.A.T. Taxisnet system is now available. Registration to the Taxisnet system is a prerequisite for the electronic submission of V.A.T. Returns and Recapitulative Statement (VIES).  Online registration can be accomplished through the following link: https://taxisnetreg.mof.gov.cy The Tax Department encourages taxpayers to use online […]

Read MoreTAXISNET ONLINE REGISTRATION BY MAY 2017

An interesting article published in the CYPRUS MAIL http://cyprus-mail.com/2017/01/29/limassol-burnishing-business-crown/

Read MoreLIMASSOL BURNISHING ITS BUSINESS CROWN – CYPRUS MAIL

PWC Tax Facts and Figures 2017 publication – please follow link here below:- http://www.pwc.com.cy/tax-facts-figures

Read MoreTAX FACTS AND FIGURES 2017 – COURTESY OF PWC

At the CIBA 2016 AGM – SOFTimpact Ltd., a member company of CIBA, was presented with an award,  by the President of the Association Mr. Frixos Savvides, to thank them for their invaluable support in setting up the new CIBA Website . The Executive Committee is very pleased with the modern  look, as well as the user friendly […]

Read MoreAWARD TO SOFTIMPACT LTD.

The CIBA 23rd Annual General Meeting took place with great success, on Friday 2nd December 2016 at the Amathus Hotel in Limassol with exclusive sponsor EY. In the closed session the General Secretary read his report for the year 2016. The full report can be read here CIBA AGM 2016 CIBA was honoured to have the […]

Read MoreCIBA 23RD ANNUAL GENERAL MEETING 2016

Following the completion of the negotiations between Cyprus and India on 29 June 2016, the two countries signed a revised tax treaty on 18 November 2016, which was published in Cyprus’ Gazette on 25 November 2016. The new treaty will replace the existing treaty which was concluded back in 1994. Please click on the link […]

Read More28 NOVEMBER 2016 – REVISED TAX TREATY SIGNED WITH INDIA – COURTESY OF DELOITTE

Official notice of our 23rd Annual General Meeting, is hereby given – which will take place on Friday 2nd December, 2016 at 18.00 hrs at the Amathus Beach Hotel in Limassol (closed session for Members only) Please note here below the Programme of the OPEN Session of the AGM at 19.00 hrs. 2-programme-agm-2016 H.E. The President […]

Read MoreNOTICE OF CIBA 2016 AGM

On 14 October 2016, the House of Representatives enacted into law significant amendments to Cyprus’s “IP regime”. The amendments introduced in the Income Tax Law (ITL) were published in the Gazette on 27 October 2016 and provide for the gradual phase out of the current IP regime and the introduction of a new IP regime […]

Read More27 OCTOBER 2016-AMENDMENTS TO CYPRUS’S IP REGIME-COURTESY OF DELOITTE