Amendments to the Income Tax Law October 2016

On 14 October 2016, the House of Representatives enacted into law amendments to the Income Tax Law (ITL) which were published in the Gazette on 27 October 2016 and provide for the gradual phase out of the current IP regime and the introduction of a new IP regime that is in line with the latest international developments on the taxation of IP income and OECD’s action plan on fighting base erosion and profit shifting (BEPS). The ITL amendments are supported by Regulations which provide detailed guidance in the calculations and application of the new IP regime. […]

Amendments to the Companies law and the Auditors law for the harmonization with Directive 2013/34/EU

On the 23rd September 2016 laws 95(1) of 2016, 96(1) of 2016 and 97(1) of 2016 were published int he official gazette and hence making them part of our national legislation. The three mentioned laws amend the Partnership’s law, the Companies Law and the Auditors Law in Cyprus. These amendments come to harmonize local legislation with Directive[…]

Electronic submission of documents to CySec

On the 24/02/2012 amending law 5(I)/2012 was published in the Cyprus Government’s official Newspaper. Law5(I)/2012 comes to amend the Cyprus Securities and Exchange Commission Law of 2009 (the “Amending Law”) by allowing the submission of electronic documents to the Cyprus Security and Exchange Commission (“CySec”). […]

Electronic Submissions to the Registrar of Companies

The house of representatives has approved law 145(i)/2011 amending the Companies Law. The amending law comes to insert provisions in the Companies law, Chapter 113 of the Laws of the Republic of Cyprus, which allow and otherwise facilitate the electronic submission of documents for companies. […]