In brief Below is a summary of the main points presented for the Cyprus tax reform 2025 project. Before any amendments become law a legislative process will need to be followed. Accordingly, it is important to note that the matters set out below may not actually be included in any final tax reform or may […]
We are currently looking for an Accountant for full time employment in Larnaca. Job description: Processing of invoices and bank transactions Reconciliations of debtors, creditors and banks Preparation of VAT returns Preparing financial reports i.e. trial balances, profit and loss etc Reporting to the head of the accounting department
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Our firm is seeking to recruit a dynamic and highly motivated individual for the role of Audit Junior. JOB DESCRIPTION Reporting directly to the Audit Manager and to the Managing Director Initiate and complete audit procedures of various companies according to applicable standards and regulations Preparation of Audited Financial Statements of companies as per statutory
December 2, 2024 On 21 November 2024, the Cyprus Parliament approved an amendment to the Prevention and Suppression of Money Laundering Activities Law. The legislation introduces a comprehensive framework for the enforcement of penalties related to beneficial ownership compliance, providing relief for businesses, especially small and medium-sized enterprises (SMEs). Key provisions of the Law Reduction
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Beneficial Owners Details Due by December 31st 2024 We would like to remind you that all entities registered under Companies Law, Cap. 113, including European Companies (SE) and Partnerships, are required to confirm the details of their beneficial owners and senior management officials annually. This confirmation period runs from 1 October to 31 December 2024.
Verification of Beneficial Owners Details Due by December 31st 2024 Read More »
After the debate of whether AML regulations can come in conflict with GDPR regulations for EU citizens, the European Court of Justice issued a judgment dated 22/11/2022 that (quoted from the press release) “…the general public’s access to information on beneficial ownership constitutes a serious interference with the fundamental rights to respect for private life
European Court of Justice rules against general public access to UBO registry Read More »
Cyprus AIRBNB accommodations: Everyone must register Cyprus: The Deputy Ministry of Tourism announces that all self-catering accommodations (on AIRBNB, BOOKING.COM and other platforms) should be registered in the relevant registry of the Deputy Ministry by 06/02/2023. According to the relevant legislation, in order to be able to advertise and/or rent the self-catering accommodation, applicants must
Cyprus AIRBNB registration Intellectual Property in Cyprus Read More »
British Virgin Islands: Amendments to the BVI Business Companies Act number of significant amendments to the BVI Business Companies Act will come into force as of 1st January 2023. These amendments are intended to keep the BVI in compliance with the international standards and best practices. Those affected are urged to review and assess the
British Virgin Islands: Amendments to the BVI Business Companies Act Read More »
Deemed Dividend Distribution for the tax year 2019 We would like to remind you of the deemed dividend distribution (DDD) provisions of the Special Contribution for the Defence Law that relate to the tax year 2019. Profits subject to deemed dividend distribution Companies are deemed to have distributed to their resident shareholders 70% of their
Deadline for the electronic submission of the new Tax Forms for Special Defence Contribution (“SDC”) and General Healthcare System (“GHS”) contribution withheld on interest and dividend payments Based on the announcement issued by the Tax Department of Cyprus on 4 May 2021 in relation to tax forms T.D.602 and T.D.603, the electronic submission of the
