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 its Circular as to its interpretation of these new provisions. A brief summary of the interpretation to be followed by the Tax Department...Read More

Partnership Law has a long-standing background in Cyprus, but it is worth noting that it has received a notable update in October 2015, by the amendments introduced to the General and Limited Partnership and Business Names Law (the “Law” by the amending Law 114(I)/2015.Read More

G. Vrikis & Associates LLC has been awarded by the Corporate INTL Magazine as the “Corporate Tax Law Firm of the Year in Cyprus”, in the context of 2017 Corporate INTL Legal Awards.Read More

The Cyprus Tax Department has announced that it is extending the deadline for the submission of the Income Tax Return for Employees for the tax year 2016 for the electronic submissions via Taxisnet. The deadline has been moved fromRead More

In continuation of the ratification of the Cyprus-Iran Double Tax Treaty in January 2017, the Cyprus Government has announced that the Cyprus-Iran Double Taxation Treaty has now entered into force and will come into effect as from the 1st January 2018.Read More

We are proud to announce that the law firm of G. Vrikis & Associates LLC has been ranked amongst the top law firms in Cyprus and has been included in the Legal 500 EMEA 2017 results. We are now recommended by the prestigious publication for our practice in the field of Corporate, Commercial and Mergers...Read More

In accordance with relevant notification by the Cyprus Tax Department, there will be a termination of the current tax practice in relation to the minimum acceptable margins on loans granted to related parties. This decision comes as a result of the Tax Department  taking into consideration the International developmentsRead More

Earlier this month, the Cyprus government approved a new scheme aimed at attracting innovative start-ups to establish their business operations in Cyprus and thus benefit from its advantageous tax regimes offered to individuals and companies, whilst at the same time contributing to Cyprus’ economy andRead More

As of the 1st of January 2017, the Special Contribution which was imposed on gross monthly earnings for salary-based employees and the self-employed and private sector pensioners in Cyprus has been abolished. This Special Contribution had been introduced as a special measure toRead More

As of mid-November, the Republic of Cyprus and the Republic of India signed a Double Tax Treaty in relation to taxation on income.Read More