The June 2026 transposition deadline has passed. Cyprus is still finalising its implementing legislation, but that’s not extra preparation time. Across Europe, and increasingly here in Cyprus, organisations are already reviewing pay structures, job architecture and governance. Those waiting for local enforcement may find the data and documentation to prove pay equity simply isn’t there.
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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).
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When the rules of the race change, it is the most prepared teams who have the advantage. So too for businesses when regulatory changes loom.
COVID-19 continues to challenge the business landscape like no other event before it and many in the mid-market are now fully-focused on building greater resilience into their operations.
Employees are the fuel of any organisation, they need to function at their best to enhance future performance.
Finance is the engine oil of any business and preparing your business to raise capital could be critical to keeping you on the road to recovery.
Onboard analytics help racing cars align the performance of the vehicle with the conditions of the track, similarly businesses must use insight to adjust to customer behaviour and restore growth.
Knowing where, when and how to overtake your competitors requires planning and a thorough understanding of their strengths and weaknesses.
In times of extreme economic challenge, don’t just power through the crisis, pause for a pit stop to retune your business for the twists and turns on the road ahead.
Organisations that can quickly adapt to changing conditions will find themselves in pole position for the course ahead.
A new VAT law amendment (Decree N.147(I)/2020) published in the Cyprus Gazette on 2/11/20 provides for an extension of the payment for the outstanding amounts arising from the VAT returns submitted for the periods ending 29 February, 31 March and 30 April of 2020.
The deadline for electronic submission of the 2019 personal income tax return by employees and pensioners whose gross income exceeds €19.500 has been extended until 30 November 2020
Learn more about the compliance requirements and the impact of the aforementioned EU directive to your business.
The Directive on Administrative Cooperation (Directive (EU) 2018/822) known as DAC 6 is an EU directive that relates to mandatory automatic exchange of information in the field of taxation, with regards to reportable cross-border arrangements.
The Tax Department issued a notification on 11 September 2020 in relation to the refund of VAT/tax.
Sophisticated cyber attacks pose a serious threat for organisations today. Many businesses, have had their data compromised due to insecure systems and a lack of safeguards. Data breaches can have serious financial and legal implications, as well as lasting reputational damage.
The House of Representatives of the Republic of Cyprus on 31/07/2020 enacted several important amendments to the Cyprus VAT law.
We provide global intelligence-led cyber risk and current threat profiling. We provide specific, pragmatic and actionable industry best practice to improve cyber security posture and help manage security incidents if required.