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Elias Neocleous & Co LLC

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Clampdown on companies lacking substance

Cyprus - August 3 2018 Recent developments have underlined the need for businesses to have real substance in order to operate and benefit from tax residence in Cyprus. Lack

Amendments to tax laws to facilitate loan restructuring

Cyprus - August 10 2018 Parliament recently passed a package of legislative measures that aims to encourage the resolution of non-performing loans. The measures include an

New Cyprus-UK double tax agreement

Cyprus, United Kingdom - April 6 2018 Cyprus and the United Kingdom recently signed a new double tax agreement. Once it has been ratified by both parties, it will replace the current

Practical guidance on calculating notional interest deduction

Cyprus - September 16 2016 The Tax Department has issued guidance on the application of the provisions introduced in 2015 for a notional interest deduction

District court rules affidavit inadmissible because jurat was in foreign language

Cyprus - April 4 2017 In a recent judgment, the Nicosia District Court decided that an affidavit was inadmissible due to the fact that the jurat was not in one of Cyprus's

Supreme Court interprets amended Order 30 and meaning of 'completion of the pleadings'

Cyprus - August 21 2018 The Supreme Court recently issued a judgment that interpreted the meaning of the term 'completion of the pleadings' as the start of the time limit for

Tax exemptions for loan restructuring implemented

Cyprus - August 17 2018 Following the extension of tax relief for the disposal of immovable property for the restructuring non-performing loans introduced by Laws 96(I)2018

Amendments to tax laws to facilitate loan restructuring

Cyprus - August 10 2018 Parliament recently passed a package of legislative measures that aims to encourage the resolution of non-performing loans. The measures include an

Clampdown on companies lacking substance

Cyprus - August 3 2018 Recent developments have underlined the need for businesses to have real substance in order to operate and benefit from tax residence in Cyprus. Lack

New circular on use of electronic certificates

Cyprus - August 1 2018 The Deputy Ministry of Shipping recently issued a circular informing recognised organisations, security organisations, registered owners, bareboat