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On 27 February 2026, the Eighth Schedule of the VAT Law (95(I)/2000) was amended pursuant to ΚΔΠ 103/2026 and the Fifth Schedule of the VAT Law was amended pursuant to ΚΔΠ 102/2026.

Further to our VAT Alert in October 2025 for the Arcomet Towercranes case (C-726/23) the Attorney General has recently issued her decision on the pending Stellantis Portugal (C 603/24) case, in relation to the treatment of transfer pricing adjustments from a VAT perspective.

The Cyprus Tax Department has issued a Notice extending the option for lessors to submit Form T.F. 1220 retroactively until 31 March 2026 where the lessor has not imposed VAT on the rent, has not notified the Tax Commissioner using Form T.F. 1220, and has fulfilled their direct tax obligations.

Explore what superintelligence really means, the risks, opportunities, and ethical challenges of AI surpassing human intelligence - and why the time to act is now.

The Court of Justice of the European Union (CJEU) issued its decision in the Arcomet Towercranes case (C-726/23). The case addresses the VAT treatment of transfer pricing (TP) adjustments charged by a principal company to an operating subsidiary, as well as the level of supporting documentation required to secure input VAT deduction.

Imagine you are the CEO of a company. It’s Monday morning and today is a big day. You’re about to make a major decision—launching a brand-new product in an untapped market. The stakes are high. Get it right, and your company could capture a whole new customer base. Get it wrong, and you’ll waste months of effort, budget, and credibility.

It’s not a surprise that nowadays the rise of influencers has reshaped the landscape of traditional marketing worldwide, including Cyprus. Influencers, utilise social media platforms – Instagram, Facebook, YouTube, TikTok – to become powerful faces for different brands. However, as the influencer industry continues to grow, so do the complexities surrounding its taxation, particularly Value Added Tax (VAT).

Imagine arriving at work to find that overnight, your role has fundamentally changed. Your emails are drafted before you even open them, meetings are automatically summarised, and reports that used to take hours are now generated in seconds. The office buzzes with conversations about AI-driven strategies—except you’re struggling to keep up. Would you embrace this shift, or feel left behind?

Imagine a world where accountants work smarter, not harder – where software not only records transactions, but also analyses them, identifying trends and opportunities that might otherwise go unnoticed. Although this may sound like something out of a sci-fi movie, AI is making this vision a reality, transforming traditional processes and paving the way for exciting new innovations.

To be completely honest, I was pretty intimidated when I first heard about Deep Learning. The words deep and learning made it sound like something only super-smart people could understand! But once I got the hang of it, I was totally fascinated by how it works. It's like a machine that thinks and learns just like our brain does - pretty cool, right? So, let's go on a fun journey together to learn all about Deep Learning and how it's going to change our lives in the future, explaining it simply.

Machine Learning is, as its name defines it, a machine who learns. The first reference of Machine Learning dates back to 1959 and attributed to artificial intelligence and computer gaming pioneer; Arthur Lee Samuel. 63 years later and “self-teaching computers” (another term for Machine Learning) are revolutionising every industry, from healthcare to finance, marketing, and agriculture.

Generative AI is a type of artificial intelligence that creates new content such as text, images, music, or even ideas. Unlike traditional AI, which follows rules to provide answers, generative AI leverages what it has learned from large datasets and uses it to produce something following a request from a user.

It’s not a surprise that nowadays the rise of influencers has reshaped the landscape of traditional marketing worldwide, including Cyprus. Influencers, utilise social media platforms – Instagram, Facebook, YouTube, TikTok – to become powerful faces for different brands. However, as the influencer industry continues to grow, so do the complexities surrounding its taxation, particularly Value Added Tax (VAT).

Autonomous (driverless) cars, customer support chatbots, Alexa and Netflix suggestions are a few examples of AI that have already changed our lives. AI of course stands for Artificial Intelligence! But what does it really mean?

Before the introduction and enforcement of the General Data Protection Regulation (GDPR) back in May 2018, several organizations have been left exposed to risks that emerged from inadequate data protection and cybersecurity controls.

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.