T&L D-briefs - July 2023
Parliament approves long-anticipated amendment for the reduced VAT rate of 5%
Following the publication of the amending VAT law, which introduced changes to the requirements for the application of the reduced VAT rate of 5% for the acquisition and/or construction of primary and permanent residences, our Indirect Tax Services Leader Christos Papamarkides briefly explains the specifics of the law, which is effective as of 16 June 2023.
Tax-free reorganisations
Corporate reorganisations have long been a strategic tool for businesses to navigate challenges, streamline operations, and seize opportunities.
Particularly in Cyprus, reorganisations are prevalent across sectors, driven by strategy, market conditions, and regulatory changes.
Our article focuses on reorganisations in Cyprus which qualify to be exempt from most Cypriot taxes.
Implementation of Judicial Reforms in Cyprus: The Constitutional Supreme Court, the Supreme Court, and the Court of Appeal commence operations under the new regime
2023 is a game-changing year for Cyprus in terms of implementation of reforms relating to the administration of justice. The reforms are expected to gradually overhaul the way in which disputes are resolved in Cyprus.
Archive
The previous T&Legal D-briefs are available below.
T&L D-briefs November 2022
T&L D-briefs September 2022
You can also find the rest of our archived videos on Youtube.
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