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For years, Cyprus has spoken about resilience. We say the economy is holding up, that growth remains solid, that public finances are improving and that the country continues to attract international business. All of that is true. But under the current geopolitical conditions, those facts on their own are no longer enough.
On 7 May 2026, the European Banking Authority (EBA) published the final report on amending the Guidelines on the application of the definition of default under Article 178 of Regulation (EU) No 575/2013 (CRR), following the CRR3 amendments to Article 178(3)(d).
Further to our VAT Alerts in October 2025 and March 5 2026 for the Arcomet Towercranes case (C-726/23) and the Attorney General decision on the Stellantis Portugal (C 603/24) case, the European Court of Justice on 13 May 2026 issued its decision on the Stellantis case in relation to the treatment of transfer pricing adjustments from a VAT perspective.
On 14 February 2020, the House of Representatives has voted for an amendment to the Law which relates to the Settlement of Overdue Taxes Scheme and provides significant reliefs on interest and penalties on overdue taxes, including income tax, VAT, special defence contribution tax, capital gains tax and stamp duty, through the Government Gateway Portal "Ariadne".
The European Commission proposed the EU Network and Information Security Directive as part of the European Cyber Security strategy. The directive came into force on the 10th of May 2018 with aim to increase the maturity level of cybersecurity across the state members of EU and ensure their strategic cooperation through Risk Management and Incident Reporting.
Our IBR research found business are laser focusing on mitigating data privacy risk at the expense of combating cyber security threats.
Businesses of all shapes and sizes are trying to carve out a competitive advantage by leveraging digital information.
Businesses have ploughed billions of dollars into technology that promises to keep cyber threats at bay. While technology undoubtedly plays a major role in combating digital threats, other areas have been neglected.
Recovering assets in litigation is becoming increasingly more complex.
Distributed ledgers have grown beyond their cryptocurrency roots and the once-emerging technology is at last ready for your business to put it to work right now.
Realistic resilience: taking a pragmatic approach to cybersecurity
To discuss how we can help your business understand its GDPR requirements and become compliant with the new regulation, get in touch with Technology Risk Services experts.
Steps for a smoother transition to new markets
This article summarises some of the planning strategies that companies should be considering before and after US tax reform is effective
We begin this third edition of the year by looking at the publication of IFRS 17 ‘Insurance Contracts’. Twenty years in the making, this new Standard will have an impact on entities’ data, technology solutions and investor relations as well as their financial reporting.
Find out how to set a supply chain optimisation strategy
The Corporate governance report 2017 provides practical recommendations for boards to consider when working with leadership teams in order to successfully develop a strong corporate culture.
If one word defines today’s new and unfamiliar tax landscape it would most likely be ‘transparency’. How will your business steer through the risks of total tax transparency?
Our International Business Report (IBR) finds that while business optimism is rising to new highs in Q2 2017, a storm may be brewing in the shape of a skilled worker shortage.