Cyprus services sector count war losses

Lawyers, auditors, and accountants have taken a direct hit from the war in Ukraine and sanctions imposed on Russia, estimating revenues have shrunk 15% in the aftermath of the conflict.

Cyprus – Jordan Double Tax Treaty (DTT)

The Convention between the Republic of Cyprus and the Hashemite Kingdom of Jordan for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income (known as the Double Tax Treaty (DTT) between Cyprus and Jordan) was signed on 17 December 2021 and published in the Official Gazette of the Republic of Cyprus on 31 December 2021.

January fiscal surplus up on last year

The government posted a higher fiscal surplus this January compared to the same month last year, preliminary data show.

Fuel prices to rise 10% this month

Motorists are warned to expect hefty spikes in petrol prices, as pump rates will go up another 10 to 15 cents per litre.

Invest Cyprus joins initiative to attract tech workers

The Cyprus Investment Promotion Agency, commonly known as Invest Cyprus, has entered a collaborative initiative with counterparts from 16 other EU member states seeking to attract technology industry employees to their respective countries, it announced on Wednesday.

Protocol amending the Double Tax Convention between the Republic of Cyprus and the Swiss Confederation

The protocol amending the double tax convention between the Republic of Cyprus and the Swiss Confederation which was signed on 20 July 2020 in Nicosia, Cyprus came into effect on 3 November 2021 (please see Circular 3/2022). The protocol relates to the avoidance of double taxation in respect of taxes on income and on capital.

CyTA profits at 13-year high

The Cyprus Telecommunications Authority (CyTA) said Monday it is increasing its profits as well as its market share while giving back to the state over €1 billion in the form of dividends and taxes over the past 20 years.

EY presents Cyprus Tax Facts 2022 guide

EY Cyprus is pleased to share the latest Cyprus Tax Facts guide – in English – which provides a straight-forward, holistic summary of the Cyprus tax system, based on current legislation and tax practices, in relation to the fiscal year 2022.

Cyprus top 12 destination for companies

Cyprus ranks 12th amongst 34 countries in Europe, the Middle East, and Africa for the ease of doing business in the country, according to a PwC survey.