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By Varnavas Nicolaou
On 4 October 2017, the EU Commission published its proposals for fundamental changes to the EU VAT system and a move further towards a definitive system based on the destination principle...
By Theo Parperis, Marios Andreou, Nicos Chimarides, Eftychios Eftychiou
The Cyprus tax authority (CTA) opened on 14 November 2017 a public consultation on Cyprus' transposition into national law of the two EU Directives on anti-tax avoidance (ATAD1 & ATAD2).
By Theo Parperis, Marios Andreou, Nicos Chimarides, Eftychios Eftychiou
Plant and machinery acquired in 2012-2016 benefited from 20% per annum tax depreciation (excluding such assets already eligible for a higher rate of annual tax depreciation).
By Chrysilios Pelekanos
On 03/11/2017, the House of Parliament voted the long awaited amendment of Cyprus VAT Legislation concerning taxation of building land, in order to align it with the provisions of EU VAT Directive.
By Chrysilios Pelekanos
Στις 03/11/2017, η ολομέλεια της Βουλής ψήφισε τροποποίηση στην περί ΦΠΑ Νομοθεσία με σκοπό την εναρμόνισ
By Liakos Theodorou, George Lambrou, Cleo Papadopoulou
The Cypriot maritime industry is ranked third in terms of size in the EU and 10th worldwide.