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Distributed ledger technology Crypto-assets Regulation Around the World (part 2 of 3)
Cryptocurrencies and Distributed Ledger Technologies (DLT) continue to change the world. We are at the stage of forming complex concepts of regulation of
Digital Risk 3 Years of GDPR: overcoming today's challenges via digitalizing your privacy and cybersecurity compliance
Before the introduction and enforcement of the General Data Protection Regulation (GDPR) back in May 2018, several organizations have been left exposed to
VAT update Exemption from VAT for educational services for vehicle technicians
On 26/4/2021 an amendment to the Cyprus VAT Law was published in the official Gazette which exempts from VAT educational services for vehicle technicians.
VAT update Penalties write off for March - July 2020
On 29/4/2021 an amendment to the Cyprus VAT Law was published in the official Gazette which precludes the imposition of penalties in specific cases
Distributed ledger technology Crypto-assets Regulation Around the World (part 1 of 3)
Cryptocurrencies and distributed ledger technologies continue to change the world. We are at the stage of forming complex concepts of regulation of
VAT Update Coronavirus Response: exemption from VAT
The European Commission has issued a press release on 12/4/2021 according to which it has proposed to exempt from Value Added Tax (VAT) goods and services made
VAT Update Penalties for omissions relating to the application of reverse charge
Following the amendments of the Cyprus VAT Law that were announced in the Government Gazette on 20/08/2020, the Tax Department will impose penalties, as from
Tax Update Extension to the submission deadline of 2019 Tax Return
We would like to inform you that in accordance with the Decree issued on 12 March 2021, the following electronic submission deadlines are extended to 30
VAT Update Time of supply of non-monetary consideration in relation to supplies in the construction industry
The Cyprus Tax Department has issued Implementing Regulation No.11/2021 of 17 February 2021, providing clarifications in relation to the time of supply in
VAT UPDATE Payment of VAT in instalments
Following the enactment of N5(1)/2021 amending the Cyprus VAT Law which was announced on 9/1/2021, the Tax Department issued a notice providing clarifications
Tax update DAC6: Extension of the reporting deadlines
We would like to inform you that the Cyprus Tax Department announced on 03 February 2021, that the EU Directive regarding DAC6 is expected to be incorporated
Quantitative risk IFRS 9 in the context of COVID-19 pandemic
Following the uncertainty arising from the current economic shock, prudential and securities regulators have published guidelines for the application of IFRS 9

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