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News & Updates

December 2017

European Union Announces its first Tax Havens Blacklist

The European Union, after a lengthy process, has announced on the 5th December 2017 its first Tax Havens Blacklist, being the first EU list of non-cooperative jurisdictions for tax purposes.
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November 2017

Cyprus – VAT Update

The Cyprus Parliament has passed on the 3rd November 2017 an amendment to the relevant VAT law, effectively introducing VAT imposition at the standard rate (currently 19%) to the sale of land which is for building purposes and the leasing and
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October 2017

Cyprus – Extension for Payment of Tax Arrears

The Cyprus Parliament has passed on the 29th September 2017 an amendment to the relevant law, effectively extending the deadline for individuals and corporations and entities to file for any apply for the scheme of settlement of taxes which are in arrear
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September 2017

Publication for Commercial Real Estate 2018

G. Vrikis & Associates LLC is proud to have been selected for and prepared the Cyprus Chapter of Global Legal Insights: Commercial Real Estate 2018.
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Cyprus – New Tax Residency Rules Applicable

Cyprus has introduced new rules with respect to establishing the tax residency of individuals, by an amendment to the Cyprus Income Tax Law passed in July 2017. It is important to note that although the law was amended in July 2017,
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July 2017

Update on the Tax Treatment of intra-group back-to-back Financing Agreements

Further to the recent amendments introduced in Cyprus as to the Tax Treatment of intra-group back-to-back Financing Agreement, as of the end of June 2017 the Tax Department in Cyprus has released
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May 2017

Cyprus – Partnerships Revisited

Partnership Law has a long-standing background in Cyprus, but it is worth noting that it has received a notable update in October 2015,
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