ARTICLES
In accordance with the law that was passed in March 2015 by the Greek Ministry of Finance a Greek company buying products or raw materials from a Cyprus company was deemed to have a preferential tax regime, as the corporate tax rate of the Cyprus company was below 13%, and therefore was subject to an import levy of 26%.
This has now been abolished as a result of Greece’s latest Memorandum of Understanding with its international lenders.
Latest news
Changes in the withholding payment of Special Defense and GESY contributions on payable rents of legal entities. The Cyprus tax authorities inform that a legal entity which pays rent to an individual to 30 of June and to 31 of December of a given year, is now liable to pay the special contributio...…
Published: Wednesday 28 February, 2024
A revised treaty for avoidance of double taxation between Cyprus and France was signed on 11 December 2023 replacing the previous Treaty of 1981. The main provisions of the Treaty are as follows: Dividends: 0% withholding tax if the beneficial owner of the dividend is a com...…
Published: Wednesday 21 February, 2024
The double tax treaty between Cyprus and Croatia was signed on 17 October 2023 and ratified on 27 October 2023. Following the ratification by Cyprus, the treaty will be in effect in the year following the year in which the ratification process in the Republic of Croatia is also completed. It will...…
Published: Tuesday 23 January, 2024
Morison Patsalides