The Tax Department of the Republic of Cyprus requires additional mandatory documents for tax procedures. It has become essential for individuals, both Cypriot and foreign, as well as Cyprus-based companies in the real estate sector, such as construction companies and developers, to seek professional assistance during the Tax Clearance Procedure when selling their property. Vasiliou…
On 10 August 2020, Cyprus and Russia concluded the negotiations of a new protocol to amend the existing provisions of the Cyprus-Russia tax treaty. 15% WHT on dividend and interest payments According to the agreement reached, the existing withholding tax (WHT) rates on dividend and interest payments made from Russia to Cyprus will increase…
As of 1 January 2017, an individual who does not spend more than a total of 183 days in any State within a tax year and is not a tax resident of another State within the same tax year and satisfies the following three conditions: remains in Cyprus for at least 60 days in the…
On 3 January 2018 Cyprus and Saudi Arabia signed an agreement for the avoidance of double taxation with respect to