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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.
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.
On June 11, 2020 the Court of Justice of the European Union (‘CJEU’) gave its judgement in case of Vodafone Portugal (C-43/19). The case concerns whether VAT is due on amounts received by Vodafone from customers that have terminated their contracts early and before the end of the contractual tie-in period.
On 3 July 2020 the Cyprus Parliament published legislation (Law Amending the VAT Law (No.2) of 2020) relating to the “quick fixes” package provided for by EU Directive 2018/1910.
The Tax Department issued an announcement earlier this week in relation to the reinstatement of quarterly reporting periods and the payment of VAT for the period ending 31/05/2020.