On 11 December 2018, with the aim to boosting its audiovisual industry, the government of the Republic of Cyprus introduced a package of incentives encouraging international producers to choose Cyprus as their next film destination. In specific, persons (both physical persons and legal entities) that opt to film in Cyprus will be able to choose […]
Continue ReadingΣε συνέχεια της εγκυκλίου της Κεντρικής Τράπεζας Κύπρου (ΚΤΚ) ημερομηνίας 14 Ιουνίου 2018 για την οποία σας είχαμε ενημερώσει πρόσφατα, τέθηκε σε εφαρμογή από τη Παρασκευή 2 Νοεμβρίου η πολυαναμενόμενη νέα εγκύκλιος της KTK σε σχέση με το χειρισμό που θα πρέπει να τυγχάνουν οι λεγόμενες εταιρείες-κέλυφος από τους αρμόδιους λειτουργούς καταπολέμησης του Ξεπλύματος Βρώμικου […]
Continue ReadingAs per Article 20 of the Cyprus Income Tax Law, a Cypriot tax resident individual receiving pension income from services rendered abroad may choose to tax this income at a flat rate of 5% on amounts exceeding €3,420 per annum or at the normal scale rates of income tax. One can choose the method that […]
Continue ReadingCyprus is making increasing efforts for establishing itself as an attractive investment fund center in Europe. Cyprus is regarded to be in considerable advantage compared to other countries not only due to the existence of expert and knowledgeable service providers who offer their services at a comparatively lower cost without compromising the quality of their […]
Continue ReadingΗ λανθασμένη αντίληψη Όπως ήδη έχουμε προϊδεάσει με τον τίτλο, επικρατεί λανθασμένα η άποψη ότι Ελλαδίτες ιδιοκτήτες ακινήτων στην Ελλάδα μπορούν να απαλλαγούν από την υπέρογκη φορολογία ακινήτων χρησιμοποιώντας εταιρικό σχήμα που περιλαμβάνει Κυπριακή Εταιρεία. Και εξηγούμαστε. Στη Σύμβαση Αποφυγής Διπλής Φορολογίας μεταξύ Ελλάδας και Κύπρου, αναφέρεται ρητά στο άρθρο 5 πως “1. Εισόδημα εξ ακινήτου […]
Continue ReadingWhilst Cyprus has long been considered as a primary jurisdiction for registration of yachts in Europe, the amendment of the Cyprus Yacht Leasing Scheme (the “Scheme”) as this has been effected with the issuance by the Cyprus Tax Department of Circular 188 on 11th September 2014 is making Cyprus’ yacht Scheme being described as one […]
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Continue ReadingOn 9 July 2015, the House of Representatives enacted a series of tax reforms aiming to further modernize the Cyprus Tax system and attract new investments. This article attempts to shed some light on the notion of the “non-domicile” investor and its relation with the Special Defense Tax (SDT). It is worth mentioning that the […]
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