NEWS

Notice from the Office of the Personal Data Protection Commissioner regarding a decision of the EU Court of Justice to abolish the Privacy Shield

On 16 July 2020, the European Court of Justice (ECJ) issued a landmark ruling (See EDPB Announcement Here) abolishing the Privacy Shield, the legal tool that made the transfer of personal data free to the...
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Protocol for the Avoidance of Double Taxation with respect to Taxes on Income and on Capital signed between the Government of the Republic of Cyprus and the Swiss Federal Council Confederation

The Protocol for the Avoidance of Double Taxation with respect to Taxes on Income and on Capital was signed today July 20th 2020 in Nicosia between the Government of the Republic of Cyprus and the...
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Countries Epidemiological Risk Assessment for COVID 19, as announced by the Ministry of Health – effective as of 16 July 2020.

The epidemiological picture of the various countries was re-evaluated by the Infectious Diseases Surveillance and Control Unit of the Medical Services and Public Health Services, regarding COVID-19 disease. The assessment was based on the epidemiological...
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Mandatory completion of the Travel Card (CyprusFlightPass) for all passengers intending to travel to Cyprus

As Announced by the Ministry of Transport, Communications and Works, in accordance with Regulation 2.3 of the Infectious Diseases (Determination of Measures to Prevent the Spread of the COVID-19 Coronavirus) Decree (No.31) of 2020 (R.A.A....
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Notification of the Tax Department for the payment of VAT

VAT payment for the Tax Period ending 31/5/2020  The Tax Department informs that, for the tax VAT return for the period ending on 31/5/2020, the deadline for submitting the VAT Declaration and Payment is July...
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Subsidy for Interest on New Business Loans as announced by the Ministry of Finance

The Ministry of Finance has provided details into the plan of subsidizing interest for new business loans on July 6th as follows: The Ministry of Finance announces that the following Licensed Credit Institutions (APIs) have...
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Issuance of a certificate of settlement of tax liabilities, for purposes of the new mortgage subsidy plan

The Tax Department informs that the following procedure will be followed for the issuance of a certificate of settlement of tax liabilities for the purposes of the new mortgage subsidy plan: 1. SUBMISSION OF APPLICATION...
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Travel advice of the Ministry of Foreign Affairs for the Coronavirus COVID-19 – All other countries except those is category Α and Β

The Ministry of Foreign Affairs has issued Travel Advice pertaining to countries not included in Category A or B as defined below: Concerned countries: All Countries except those listed in Categories A, (Australia, Austria, Canada,...
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Deadline for electronic submission of applications for participation in the Special Plans

The Ministry of Labor, Welfare and Social Security announces that the deadline for electronic submission of applications for participation in the Special Plans for the period from 13 June 2020 to 30 June 2020, is Monday,...
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The payment of the one-off Lump Sum for the support of small and very small enterprises and the Self-Employee has begun

As per Ministry of Labour Announcement Here in Greek, The Ministries of Finance and Labor, Welfare and Social Security announce that the payment of the lump sum for the Support of small and very small businesses and...
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Update on the Maximum Number of People for Service in Restaurants

In the light of the very good epidemiological picture observed in Cyprus recently, the Ministry of Health has updated the Protocol (in Greek here) concerning the operation of catering facilities, which enters into force on...
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Isolation at home for cases of the COVID-19 disease or their close contacts and arrivals in Cyprus from category C countries

On the basis of the favourable conditions prevailing in Cyprus in the last few days, the Epidemiological Monitoring Unit of the Ministry of Health emphasizes that there must not be any relaxation on the part...
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The plans for the period 13-30 June have been posted on the special website of the Ministry of Labor

The Ministry of Labor, Welfare and Social Security announces that the applications for all the Special Plans for the period from 13 June 2020 to 30 June 2020 have been posted on the special website...
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“A new Tax Gateway” is the new electronic service of the Department of Taxation

The Tax Department informs that the new electronic service of the Tax Department called “Tax Gateway” will be operational within a few days. The “Tax Gateway” is a central point of service where citizens and...
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Newer Updates by Minister of Finance on the three economic measures previously announced and where they stand

The Minister of Finance Mr. Constantinos Petrides made update statements on three economic measures to support businesses that can be found in Greek HERE. The first concerns the announced interest rate subsidy plan for new housing loans,...
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Informatic Update on Lifting of Measures as of June 24th

The following infographic as issued by the Press and Information office summarizes the latest measures to be taken as part of lifting of restrictions.
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Ministry of Labor: Termination of four-digit number 1433

The Ministry of Labor, Welfare and Social Security informs that the operation of the pan-Cypriot four-digit number 1433 has been terminated, due to the fact that the Special Plans implemented by the Ministry of Labor,...
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Exit Taxation and Hybrid Mismatch Rules Adopted by Cyprus on 19th June – Courtesy of EY

As per EY press release on 19 June 2020, the Cypriot House of Representatives adopted the law to implement the provisions of the European Union (EU) Anti-Tax Avoidance Directive1 (ATAD I) with respect to exit...
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Guidelines for Health and Safety at Work – Handbook

The Ministry of Health has issued The Guidelines for Health and Safety at Work – Handbook, which can be viewed here Guidelines for Businesses
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Epidemiological risk assessment of countries concerning COVID-19

Following the opening up of the country’s borders as of June 2020, the epidemiological situation of various countries with regard to the COVID-19 disease has been reevaluated and new countries have now been added to...
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