Cyprus and Hong Kong sign double tax treaty: What it means for Cyprus Companies
In brief On 12 June 2026, the Republic of Cyprus and the Government of the Hong Kong Special Administrative Region of the People’s Republic of China signed an agreement for
Minds in Cyprus
Issue N-4-2026, 17 March 2026 Overview On 26 February 2026, the Cyprus Parliament approved an amendment to the Income Tax Law of 2002 through amending Law 17(I)/2026, introducing new
Update on the New Transfer Pricing Framework
In relation to our previous newsletters on the New Transfer Pricing Documentation requirements (dated August 2022, which can be found here) and the Termination of Intra-Group Financing Transactions Circular (dated
Maximizing Tax Efficiency for Small Businesses in Cyprus
As a small business owner in Cyprus, taxes are a necessary part of your operations. However, paying more than necessary can hinder your business’s growth and profitability. Maximizing tax efficiency
New exemption rules for new CY employment for individuals
On 26 July 2022 new amendments have been published in the Government Gazette (relevant publication can be found here) which concern Articles 8(21), 8(21A), 8(23) and 8(23A) of the Income
New Transfer Pricing Documentation requirements
New amendments to the Income Tax Law Section 33 and the Assessment and Collection of taxes Law have been published in the Government Gazette on 08 July 2022 (relevant ITL
AROSAL Team – Running Under the Moon Cyprus 2022
Here at AROSAL, we like to take our achievements to a next level. #RunningUndertheMoon – 5K flat route challenge
New Corporate tax residency test/Definition of a Cyprus tax resident company
As per an Income tax law amendment published in the Official Gazette on 21 December 2021 (can be found here), an additional tax residency test is introduced, which captures Companies
Amendments to the Cyprus tax legislation for the prevention of tax abuse
On 21 December 2021, certain amendments were published in the Official Gazette (SDC amendments here and ITL amendments here) which refer to withholding tax (WHT) payments by Cyprus tax resident