EU Law Does Not Preclude the Requirement To Collect Information or to Withhold Tax Under A National Tax Regime
22 December 2022 Court of Justice of the European Union (CJEU) “Short-Term Property Rentals: EU Law Does Not Preclude the Requirement To Collect Information or to Withhold Tax Under A National Tax Regime” Judgment of the Court in Case...
Read moreCyprus Personal Tax System – The Most Favorable in EU
The main key aspects for you: An individual is tax resident in Cyprus if he spends in Cyprus more than 183 days in any one calendar year. An individual, however, may also be considered tax resident in Cyprus if...
Read moreExemption for Individuals from submitting a tax return for 2022
On 23 September 2022, a Decree (No. 373/2022) was issued in the Official Gazette which exempts individuals with gross annual income below €19.500, from the obligation to submit a personal income tax return (Form T.D.1) for tax year 2022....
Read moreStrategy for attracting businesses and talented people in Cyprus – Digital Nomad Visa
The Council of Ministers approved the BUSINESS FACILITATION UNIT (BFU). The Strategy is a very important initiative towards attracting both international businesses and talent. It includes a series of actions and reforms in several areas of intervention, aiming to...
Read moreDoing Business in Cyprus
Cyprus is found at a crossroad of three continents and is a member of the EU and Eurozone making it an ideal jurisdiction for investments to EU and from EU. As a member of the EU and Eurozone community,...
Read moreThe Cyprus 60-day rule explained
Cyprus offers various of personal tax incentives for foreigners and high net worth individuals relocating to Cyprus, such as zero tax on dividends, tax exemption on capital gain from sale of shares and many more. However, to enjoy these...
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